AGF Investments LLC Increases Stock Position in Thor Industries, Inc. (NYSE:THO)

AGF Investments LLC lifted its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,039 shares of the construction company’s stock after acquiring an additional 977 shares during the period. AGF Investments LLC’s holdings in Thor Industries were worth $864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in THO. Wolff Wiese Magana LLC lifted its holdings in shares of Thor Industries by 133.0% during the third quarter. Wolff Wiese Magana LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 121 shares during the period. Vigilant Capital Management LLC acquired a new stake in shares of Thor Industries during the third quarter worth $27,000. Spire Wealth Management lifted its holdings in shares of Thor Industries by 295.3% during the third quarter. Spire Wealth Management now owns 340 shares of the construction company’s stock worth $42,000 after purchasing an additional 254 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Thor Industries by 100.0% during the third quarter. First Horizon Advisors Inc. now owns 450 shares of the construction company’s stock worth $55,000 after purchasing an additional 225 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Thor Industries by 62.0% during the second quarter. Lazard Asset Management LLC now owns 486 shares of the construction company’s stock worth $54,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 88.23% of the company’s stock.

NYSE:THO opened at $99.97 on Friday. The company has a market capitalization of $5.56 billion, a PE ratio of 7.08 and a beta of 2.02. The company has a quick ratio of 0.76, a current ratio of 1.58 and a debt-to-equity ratio of 0.71. Thor Industries, Inc. has a 52-week low of $92.20 and a 52-week high of $152.20. The stock has a fifty day simple moving average of $105.26 and a 200-day simple moving average of $110.81.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, December 8th. The construction company reported $4.34 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $1.24. The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Thor Industries had a return on equity of 27.58% and a net margin of 5.74%. The firm’s quarterly revenue was up 56.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 EPS. As a group, equities analysts anticipate that Thor Industries, Inc. will post 15.37 earnings per share for the current year.

Thor Industries announced that its Board of Directors has initiated a share buyback program on Tuesday, December 21st that permits the company to buyback $250.00 million in shares. This buyback authorization permits the construction company to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 13th. Investors of record on Thursday, December 30th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Wednesday, December 29th. Thor Industries’s dividend payout ratio is presently 12.17%.

In other news, Director Andrew E. Graves bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 4th. The stock was acquired at an average price of $104.74 per share, for a total transaction of $209,480.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Peter Busch Orthwein bought 10,000 shares of the firm’s stock in a transaction dated Friday, December 10th. The shares were purchased at an average price of $103.41 per share, with a total value of $1,034,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,500 shares of company stock valued at $1,294,025. 4.30% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “hold” rating and set a $107.00 price target for the company. in a report on Monday, December 13th. KeyCorp downgraded Thor Industries from an “overweight” rating to a “sector weight” rating in a report on Monday, October 25th. BMO Capital Markets raised their target price on Thor Industries from $166.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 9th. Truist reduced their target price on Thor Industries from $142.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 9th. The analyst attributes his reduced price target to expectations of difficult retail comparisons, faster-than-anticipated inventory replenishment, and the likelihood of easing margins over coming quarters. Longer term however, Thor should continue to benefit from a multi-quarter restocking dynamic and historically-elevated margins, Swartz tells investors in a research note, adding that at below 5-times expected FY22 EBITDA, the risk-reward on the stock “remains attractive”. Finally, Truist Securities reduced their target price on Thor Industries from $142.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Thor Industries currently has an average rating of “Hold” and an average target price of $135.89.

About Thor Industries

Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles; North American Motorized Recreational Vehicles; and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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