SG Americas Securities LLC Invests $1.96 Million in Thor Industries, Inc. (NYSE:THO)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atala Financial Inc bought a new position in shares of Thor Industries in the fourth quarter worth $27,000. First Horizon Advisors Inc. raised its holdings in shares of Thor Industries by 57.3% in 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. UMB Bank n.a. raised its holdings 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 acquiring an additional 278 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Thor Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Thor Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after purchasing an additional 253 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Trading Down 3.4%

NYSE THO traded down $2.96 during trading on Tuesday, hitting $85.30. 774,646 shares of the company's stock traded hands, compared to its average volume of 663,881. The stock has a fifty day moving average of $78.00 and a two-hundred day moving average of $88.58. Thor Industries, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The firm has a market cap of $4.54 billion, a P/E ratio of 19.79, a PEG ratio of 1.95 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.

Thor Industries (NYSE:THO - Get Free Report) last released its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.60 billion. During the same quarter in the previous year, the company posted $2.13 EPS. Thor Industries's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, April 8th. Thor Industries's dividend payout ratio is 47.96%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on THO shares. KeyCorp lifted their target price on shares of Thor Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. BMO Capital Markets dropped their price objective on shares of Thor Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Roth Capital set a $77.00 target price on shares of Thor Industries and gave the stock a "neutral" rating in a research report on Monday, June 9th. DA Davidson upgraded Thor Industries to a "hold" rating in a research report on Monday, April 14th. Finally, Bank of America upgraded Thor Industries from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. One research 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. According to data from MarketBeat.com, Thor Industries presently has an average rating of "Hold" and an average price target of $87.63.

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.