Thor Industries, Inc. (NYSE:THO) Stock Position Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 43.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 547,659 shares of the construction company's stock after acquiring an additional 167,148 shares during the period. Oppenheimer Asset Management Inc. owned 1.03% of Thor Industries worth $41,518,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in THO. O Shaughnessy Asset Management LLC lifted its position in Thor Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock worth $1,529,000 after acquiring an additional 112 shares during the period. Sanctuary Advisors LLC grew its stake in Thor Industries by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after acquiring an additional 113 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Thor Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after acquiring an additional 121 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Thor Industries by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company's stock worth $2,140,000 after acquiring an additional 140 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Thor Industries by 7.2% in the fourth quarter. ProShare Advisors LLC now owns 2,485 shares of the construction company's stock valued at $238,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Thor Industries Stock Up 2.5%

Shares of THO stock traded up $2.18 during trading hours on Thursday, hitting $88.68. 528,886 shares of the company were exchanged, compared to its average volume of 668,136. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. Thor Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The business's 50-day simple moving average is $80.69 and its two-hundred day simple moving average is $87.72. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 1.80 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating 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 firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the company earned $2.13 earnings per share. Thor Industries's quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts predict that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries announced that its board has initiated 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 management believes its shares are undervalued.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, July 1st. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

Insider Activity at Thor Industries

In other news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $85.40 per share, with a total value of $256,200.00. Following the completion of the acquisition, the director now directly owns 136,400 shares in the company, valued at approximately $11,648,560. The trade was a 2.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on THO shares. DA Davidson raised shares of Thor Industries to a "hold" rating in a research note on Monday, April 14th. Roth Capital set a $77.00 price target on Thor Industries and gave the stock a "neutral" rating in a research report on Monday, June 9th. KeyCorp upped their price objective on Thor Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Citigroup downgraded shares of Thor Industries from a "buy" rating to a "neutral" rating and cut their target price for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $87.63.

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.