SG Americas Securities LLC Buys Shares of 25,878 THOR Industries, Inc. (NYSE:THO)

SG Americas Securities LLC purchased a new stake in THOR Industries, Inc. (NYSE:THO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,878 shares of the construction company’s stock, valued at approximately $1,962,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Accurate Wealth Management LLC grew its position in shares of THOR Industries by 42.4% in the first 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 during the last quarter. Harbor Capital Advisors Inc. lifted its stake in THOR Industries by 26.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 36,235 shares of the construction company’s stock valued at $2,747,000 after buying an additional 7,546 shares in the last quarter. UMB Bank n.a. grew its holdings in THOR Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock valued at $37,000 after buying an additional 278 shares during the last quarter. Reinhart Partners LLC. increased its position in THOR Industries by 6.3% during the first quarter. Reinhart Partners LLC. now owns 382,754 shares of the construction company’s stock worth $29,017,000 after buying an additional 22,612 shares in the last quarter. Finally, Salvus Wealth Management LLC raised its holdings in shares of THOR Industries by 16.2% in the first quarter. Salvus Wealth Management LLC now owns 49,005 shares of the construction company’s stock worth $3,715,000 after acquiring an additional 6,837 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Performance

NYSE THO opened at $86.86 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The firm has a market capitalization of $4.62 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.16 and a beta of 1.21. The business’s 50-day simple moving average is $77.52 and its 200-day simple moving average is $88.75.

THOR Industries (NYSE:THO) last announced its quarterly 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 net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the company posted $2.13 earnings per share. THOR Industries’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 47.96%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on THO. Roth Capital set a $77.00 target price on shares of THOR Industries and gave the company a “neutral” rating in a report on Monday, June 9th. Citigroup downgraded shares of THOR Industries from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. KeyCorp raised their price objective on THOR Industries from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, May 30th. Finally, Robert W. Baird lowered THOR Industries from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $100.00 to $85.00 in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $87.63.

THOR Industries 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.