THOR Industries (NYSE: THO) has launched a $400 million buyback program, representing approximately 8.1% of its market capitalization. The company, a leading manufacturer of recreational vehicles, repurchased over 340,000 shares for over $29 million between June 6 and June 23, 2023. THO has a dividend yield of 2.2% and aims to continue buybacks until its shares reflect their long-term value, with the authorization expiring on July 31, 2027.
Fair Isaac (NYSE: FICO) announced a new buyback program allowing for up to $1 billion in repurchases, equating to around 2.2% of its $45 billion market cap. Historically, the company has spent about $189 million on buybacks per quarter, increasing to nearly $300 million per quarter in the last 12 months. Currently, shares are trading approximately 21% below their all-time high, with analysts projecting a price target of $2,304, indicating a potential upside of over 24%.
Dana (NYSE: DAN) plans to utilize proceeds from the sale of its off-highway business—estimated at $2.4 billion—to pay down $2 billion of debt, yielding a substantial debt paydown yield of 77%. With a market cap of $2.6 billion, the company will also commit up to $1 billion towards dividends and buybacks through 2027, which comprises over 38% of its market capitalization, bolstered by a current dividend yield of 2.2%.
