Nuveen LLC Acquires Shares of 113,792 Thor Industries, Inc. $THO

Nuveen LLC acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 113,792 shares of the construction company’s stock, valued at approximately $8,627,000. Nuveen LLC owned approximately 0.21% of Thor Industries at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in THO. Guggenheim Capital LLC boosted its holdings in Thor Industries by 20.2% during the fourth quarter. Guggenheim Capital LLC now owns 2,963 shares of the construction company’s stock valued at $284,000 after purchasing an additional 498 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Thor Industries by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 29,894 shares of the construction company’s stock worth $2,861,000 after acquiring an additional 2,441 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Thor Industries by 140.9% in the 4th quarter. Hsbc Holdings PLC now owns 6,301 shares of the construction company’s stock worth $604,000 after acquiring an additional 3,685 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Thor Industries by 21.8% in the 4th quarter. Pinebridge Investments L.P. now owns 17,535 shares of the construction company’s stock worth $1,678,000 after acquiring an additional 3,144 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Thor Industries by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,449 shares of the construction company’s stock worth $3,680,000 after acquiring an additional 2,985 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Peter Busch Orthwein purchased 3,000 shares of Thor Industries stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the transaction, the director directly owned 136,400 shares of the company’s stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.50% of the stock is owned by corporate insiders.

Thor Industries Stock Up 6.3%

NYSE:THO opened at $111.6430 on Friday. The stock’s fifty day moving average price is $94.21 and its two-hundred day moving average price is $86.59. Thor Industries, Inc. has a 52-week low of $63.15 and a 52-week high of $118.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.24 and a beta of 1.21.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the business earned $2.13 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. On average, analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries declared that its board has initiated a stock buyback program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is currently 47.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on THO. KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a report on Friday, August 1st. Roth Capital set a $77.00 target price on Thor Industries and gave the stock a “neutral” rating in a report on Monday, June 9th. Truist Financial boosted their target price on Thor Industries from $72.00 to $78.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Wall Street Zen raised Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Finally, Citigroup reissued a “neutral” rating and issued a $100.00 target price (up from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Thor Industries currently has an average rating of “Hold” and a consensus price target of $89.38.

About Thor Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.