Janney Montgomery Scott LLC Acquires 24,938 Shares of Thor Industries, Inc. (NYSE:THO)

Janney Montgomery Scott LLC boosted its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 21.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,691 shares of the construction company's stock after acquiring an additional 24,938 shares during the period. Janney Montgomery Scott LLC owned 0.27% of Thor Industries worth $10,893,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in THO. SG Americas Securities LLC acquired a new stake in Thor Industries during the 1st quarter worth about $1,962,000. Accurate Wealth Management LLC boosted its position in shares of Thor Industries by 42.4% during the 1st quarter. Accurate Wealth Management LLC now owns 7,379 shares of the construction company's stock valued at $509,000 after purchasing an additional 2,197 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Thor Industries by 26.3% during the first 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. increased its holdings in Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock worth $37,000 after purchasing an additional 278 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its stake in Thor Industries by 6.3% in the first quarter. Reinhart Partners LLC. now owns 382,754 shares of the construction company's stock valued at $29,017,000 after buying an additional 22,612 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Stock Down 0.7%

NYSE THO traded down $0.58 during trading hours on Friday, hitting $85.31. The company's stock had a trading volume of 887,415 shares, compared to its average volume of 668,287. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $78.88 and its two-hundred day simple moving average is $88.37. The company has a market capitalization of $4.54 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Thor Industries, Inc. has a 52 week low of $63.16 and a 52 week high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the company earned $2.13 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.34%. Thor Industries's dividend payout ratio is currently 47.96%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. DA Davidson raised shares of Thor Industries to a "hold" rating in a research report on Monday, April 14th. Truist Financial raised their price target on shares of Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Baird R W lowered shares of Thor Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Roth Capital set a $77.00 price objective on shares of Thor Industries and gave the stock a "neutral" rating in a research report on Monday, June 9th. Finally, Bank of America raised Thor Industries from a "neutral" rating to a "buy" rating and boosted their target price for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.