Baird Financial Group Inc. Buys 409 Shares of Thor Industries, Inc. $THO

Baird Financial Group Inc. boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,475 shares of the construction company’s stock after acquiring an additional 409 shares during the quarter. Baird Financial Group Inc.’s holdings in Thor Industries were worth $643,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in THO. ACR Alpine Capital Research LLC grew its holdings in Thor Industries by 62.5% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the construction company’s stock worth $264,040,000 after acquiring an additional 1,339,951 shares during the last quarter. Timucuan Asset Management Inc. FL grew its holdings in Thor Industries by 20.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the construction company’s stock worth $185,613,000 after acquiring an additional 409,636 shares during the last quarter. Vanguard Group Inc. grew its holdings in Thor Industries by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company’s stock worth $407,606,000 after acquiring an additional 326,584 shares during the last quarter. Southpoint Capital Advisors LP boosted its stake in shares of Thor Industries by 73.2% in the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock valued at $58,015,000 after purchasing an additional 256,149 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Thor Industries by 43.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 547,659 shares of the construction company’s stock valued at $41,518,000 after purchasing an additional 167,148 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Performance

Shares of NYSE:THO opened at $107.02 on Thursday. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.19 and a beta of 1.34. The firm’s 50 day simple moving average is $99.91 and its 200 day simple moving average is $87.41. 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, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $118.85.

Thor Industries declared that its Board of Directors has authorized a share buyback plan on Monday, June 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 8.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Thor Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. Thor Industries’s payout ratio is presently 47.96%.

Insiders Place Their Bets

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the business’s stock in a transaction on Friday, June 20th. The shares were purchased at an average price of $85.40 per share, with a total value of $256,200.00. Following the completion of the purchase, the director owned 136,400 shares in the company, valued at $11,648,560. This represents a 2.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on THO shares. Bank of America raised their target price on shares of Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Citigroup reaffirmed a “neutral” rating and issued a $100.00 target price (up previously from $88.00) on shares of Thor Industries in a research note on Tuesday, August 12th. Roth Capital set a $77.00 target price on shares of Thor Industries and gave the company a “neutral” rating in a research note on Monday, June 9th. Finally, KeyCorp raised shares of Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $93.38.

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.