SG Americas Securities LLC Purchases New Stake in Thor Industries, Inc. (NYSE:THO)

SG Americas Securities LLC purchased a new position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,878 shares of the construction company's stock, valued at approximately $1,962,000.

Other large investors also recently bought and sold shares of the company. Accurate Wealth Management LLC raised its position in shares of Thor Industries by 42.4% in the 1st quarter. Accurate Wealth Management LLC now owns 7,379 shares of the construction company's stock worth $509,000 after buying an additional 2,197 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Thor Industries by 26.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 36,235 shares of the construction company's stock worth $2,747,000 after purchasing an additional 7,546 shares during the period. UMB Bank n.a. lifted its stake in shares of Thor Industries by 135.6% in the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after purchasing an additional 278 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of Thor Industries by 6.3% during the 1st quarter. Reinhart Partners LLC. now owns 382,754 shares of the construction company's stock worth $29,017,000 after purchasing an additional 22,612 shares during the period. Finally, Salvus Wealth Management LLC increased its position in Thor Industries by 16.2% during the 1st quarter. Salvus Wealth Management LLC now owns 49,005 shares of the construction company's stock worth $3,715,000 after purchasing an additional 6,837 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Citigroup lowered shares of Thor Industries from a "buy" rating to a "neutral" rating and reduced their target price for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. BMO Capital Markets decreased their price target on shares of Thor Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. KeyCorp raised 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. Finally, Baird R W cut Thor Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Thor Industries presently has a consensus rating of "Hold" and an average target price of $87.63.

Thor Industries Stock Up 0.7%

Thor Industries stock traded up $0.62 during midday trading on Thursday, hitting $85.90. 1,161,698 shares of the stock were exchanged, compared to its average volume of 667,411. Thor Industries, Inc. has a 1 year low of $63.16 and a 1 year high of $118.85. The firm has a market cap of $4.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.78 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. The company has a 50 day moving average price of $78.54 and a two-hundred day moving average price of $88.54.

Thor Industries (NYSE:THO - Get Free Report) last announced its earnings results 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 5.84% and a net margin of 2.32%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm earned $2.13 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.33%. Thor Industries's dividend payout ratio (DPR) is presently 47.96%.

About Thor Industries

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.