Janney Montgomery Scott LLC Has $13.28 Million Stake in Thor Industries, Inc. $THO

Key Points

• Janney Montgomery Scott LLC increased its stake in Thor Industries, Inc. by 4.1% during Q2, holding 149,534 shares valued at approximately $13.28 million.
• Thor Industries has a new stock buyback plan authorizing the repurchase of up to $400 million in shares, reflecting the board's belief that the stock is undervalued.
• Analysts have raised their price targets for Thor Industries, with Bank of America increasing its target to $120.00 and Citigroup setting a new target of $122.00.

Janney Montgomery Scott LLC increased its holdings in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,534 shares of the RV manufacturer's stock after purchasing an additional 5,843 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.28% of Thor Industries worth $13,280,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in THO. Wealth Enhancement Advisory Services LLC boosted its holdings in Thor Industries by 34.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,141 shares of the RV manufacturer's stock worth $492,000 after purchasing an additional 1,328 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Thor Industries by 7,854.0% during the first quarter. GAMMA Investing LLC now owns 54,962 shares of the RV manufacturer's stock worth $4,167,000 after purchasing an additional 54,271 shares during the last quarter. NBC Securities Inc. boosted its holdings in Thor Industries by 135,500.0% during the first quarter. NBC Securities Inc. now owns 2,712 shares of the RV manufacturer's stock worth $205,000 after purchasing an additional 2,710 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Thor Industries by 6.3% during the first quarter. Reinhart Partners LLC. now owns 382,754 shares of the RV manufacturer's stock worth $29,017,000 after purchasing an additional 22,612 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Thor Industries by 135.6% during the first quarter. UMB Bank n.a. now owns 483 shares of the RV manufacturer's stock worth $37,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Thor Industries Trading Up 3.2%

THO stock opened at $109.06 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.75. The company's 50-day simple moving average is $104.30 and its 200 day simple moving average is $89.33. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $118.85. The company has a market capitalization of $5.74 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35.

Thor Industries declared that its board has approved a stock buyback plan on Monday, June 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the RV manufacturer 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 analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Thor Industries from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, September 25th. Bank of America upped their price target on shares of Thor Industries from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Citigroup upped their price target on shares of Thor Industries from $112.00 to $122.00 and gave the stock a "neutral" rating in a research report on Friday, September 26th. KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Thor Industries in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Thor Industries has a consensus rating of "Hold" and a consensus target price of $105.25.

Thor Industries Company 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.

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