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

Janney Montgomery Scott LLC grew its holdings in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 21.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 0.27% of Thor Industries worth $10,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Thor Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after purchasing an additional 10,455 shares during the period. Amundi lifted its position in shares of Thor Industries by 26.2% during the 4th quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after buying an additional 905 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Thor Industries by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company's stock valued at $288,000 after acquiring an additional 1,075 shares during the period. US Bancorp DE increased its holdings in Thor Industries by 9.6% in the 4th quarter. US Bancorp DE now owns 3,667 shares of the construction company's stock worth $351,000 after acquiring an additional 322 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Thor Industries by 4.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,741 shares of the construction company's stock worth $837,000 after acquiring an additional 370 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Thor Industries news, Director Peter Busch Orthwein bought 3,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following 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 SEC, which can be accessed through this hyperlink. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup cut shares of Thor Industries from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. Roth Capital set a $77.00 price target on Thor Industries and gave the company a "neutral" rating in a report on Monday, June 9th. Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. DA Davidson raised Thor Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Robert W. Baird downgraded Thor Industries from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $100.00 to $85.00 in a research report on Friday, April 4th. One equities 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, the company presently has an average rating of "Hold" and a consensus price target of $87.63.

Thor Industries Trading Up 1.9%

Shares of NYSE:THO traded up $1.60 during trading hours on Monday, hitting $86.96. 463,616 shares of the company's stock traded hands, compared to its average volume of 666,893. The firm has a market capitalization of $4.63 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. The business has a fifty day moving average price of $79.55 and a 200-day moving average price of $87.84. Thor Industries, Inc. has a 1 year low of $63.16 and a 1 year high of $118.85. 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, topping the consensus estimate of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 5.84% and a net margin of 2.32%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Equities analysts expect that Thor Industries, Inc. will post 4.64 earnings per share for the current year.

Thor Industries announced that its Board of Directors has authorized a stock repurchase program on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the construction company to buy up to 8.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Thor Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 2.30%. Thor Industries's dividend payout ratio (DPR) is currently 47.96%.

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.