Thor Industries, Inc. $THO Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its holdings in Thor Industries, Inc. (NYSE:THO) by 45.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,203 shares of the construction company’s stock after selling 1,013 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Thor Industries were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sprott Inc. raised its position in Thor Industries by 50.0% in the first quarter. Sprott Inc. now owns 75,000 shares of the construction company’s stock valued at $5,686,000 after purchasing an additional 25,000 shares during the period. EntryPoint Capital LLC purchased a new stake in Thor Industries in the first quarter valued at $227,000. Hsbc Holdings PLC raised its position in Thor Industries by 4.3% in the first quarter. Hsbc Holdings PLC now owns 6,570 shares of the construction company’s stock valued at $498,000 after purchasing an additional 269 shares during the period. Quantbot Technologies LP raised its position in Thor Industries by 3,724.8% in the first quarter. Quantbot Technologies LP now owns 30,675 shares of the construction company’s stock valued at $2,325,000 after purchasing an additional 29,873 shares during the period. Finally, Northern Trust Corp raised its position in Thor Industries by 2.7% in the first quarter. Northern Trust Corp now owns 503,036 shares of the construction company’s stock valued at $38,135,000 after purchasing an additional 13,172 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Price Performance

Shares of NYSE THO opened at $112.32 on Friday. The stock’s 50-day moving average is $98.81 and its two-hundred day moving average is $87.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share 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 company 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. Thor Industries’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries announced that its Board of Directors has authorized a stock buyback program on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 8.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Thor Industries Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the business’s stock in a transaction on Friday, June 20th. The shares were bought at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the acquisition, the director directly owned 136,400 shares in the company, valued at $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of research analyst reports. Citigroup restated a “neutral” rating and issued a $100.00 target price (up previously from $88.00) on shares of Thor Industries in a research report on Tuesday, August 12th. Roth Capital set a $77.00 target price on Thor Industries and gave the company a “neutral” rating in a research report on Monday, June 9th. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Finally, Truist Financial boosted their price objective on Thor Industries from $86.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $94.00.

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.