HighTower Advisors LLC Cuts Stake in Thor Industries, Inc. $THO

HighTower Advisors LLC decreased its position in Thor Industries, Inc. (NYSE:THO) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,207 shares of the construction company’s stock after selling 3,713 shares during the quarter. HighTower Advisors LLC’s holdings in Thor Industries were worth $1,304,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of THO. UMB Bank n.a. grew its position in Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock valued at $37,000 after acquiring an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Thor Industries by 96.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company’s stock valued at $61,000 after acquiring an additional 395 shares in the last quarter. NBC Securities Inc. grew its position in Thor Industries by 135,500.0% in the first quarter. NBC Securities Inc. now owns 2,712 shares of the construction company’s stock valued at $205,000 after acquiring an additional 2,710 shares in the last quarter. Oxford Asset Management LLP purchased a new position in shares of Thor Industries during the 4th quarter valued at approximately $217,000. Finally, Neo Ivy Capital Management boosted its stake in shares of Thor Industries by 11.7% during the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock valued at $234,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Stock Performance

THO stock opened at $110.9650 on Tuesday. 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 stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.24 and a beta of 1.21. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85. The stock’s fifty day moving average is $94.66 and its two-hundred day moving average is $86.57.

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

Thor Industries Announces Dividend

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

Thor Industries announced that its board has initiated a share repurchase plan 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 plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Insider Transactions at Thor Industries

In related news, Director Peter Busch Orthwein bought 3,000 shares of the business’s stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the completion of the purchase, the director owned 136,400 shares of the company’s stock, valued at $11,648,560. This represents a 2.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

Thor Industries Profile

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.