Janney Montgomery Scott LLC Has $8.80 Million Holdings in THOR Industries, Inc. (NYSE:THO)

Posted by Defense World Staff on Jul 22nd, 2023

Janney Montgomery Scott LLC grew its stake in THOR Industries, Inc. (NYSE:THO – Free Report) by 18.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,451 shares of the construction company’s stock after buying an additional 17,595 shares during the period. Janney Montgomery Scott LLC owned approximately 0.21% of THOR Industries worth $8,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in THO. ACR Alpine Capital Research LLC acquired a new position in shares of THOR Industries during the 4th quarter worth about $74,638,000. Royal London Asset Management Ltd. lifted its position in shares of THOR Industries by 37.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,651,619 shares of the construction company’s stock worth $200,264,000 after purchasing an additional 720,584 shares during the last quarter. LSV Asset Management lifted its position in shares of THOR Industries by 47.2% during the 4th quarter. LSV Asset Management now owns 2,044,929 shares of the construction company’s stock worth $154,372,000 after purchasing an additional 655,770 shares during the last quarter. Norges Bank bought a new position in THOR Industries during the fourth quarter valued at about $34,637,000. Finally, Renaissance Technologies LLC increased its stake in THOR Industries by 330.6% during the fourth quarter. Renaissance Technologies LLC now owns 481,800 shares of the construction company’s stock valued at $36,371,000 after acquiring an additional 369,900 shares during the period. Institutional investors and hedge funds own 98.18% of the company’s stock.

Insider Buying and Selling

In related news, SVP Kenneth D. Julian sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $110.72, for a total transaction of $1,107,200.00. Following the sale, the senior vice president now directly owns 30,811 shares in the company, valued at approximately $3,411,393.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is owned by corporate insiders.

THOR Industries Trading Down 1.6 %

THO stock opened at $109.86 on Friday. THOR Industries, Inc. has a 1-year low of $67.09 and a 1-year high of $112.84. The firm has a market cap of $5.86 billion, a P/E ratio of 10.54 and a beta of 1.83. The business’s 50 day moving average is $94.37 and its 200-day moving average is $88.49. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

THOR Industries (NYSE:THO – Get Free Report) last released its quarterly earnings results on Tuesday, June 6th. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.17. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. THOR Industries had a return on equity of 15.13% and a net margin of 4.63%. THOR Industries’s revenue for the quarter was down 37.1% on a year-over-year basis. During the same period in the prior year, the company earned $6.32 EPS. Equities analysts anticipate that THOR Industries, Inc. will post 6.16 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.64%. THOR Industries’s dividend payout ratio (DPR) is presently 17.27%.

Analyst Ratings Changes

Several brokerages recently issued reports on THO. Robert W. Baird boosted their price target on THOR Industries from $95.00 to $110.00 in a research note on Wednesday, June 7th. BMO Capital Markets boosted their price target on THOR Industries from $105.00 to $115.00 in a research note on Wednesday, June 7th. KeyCorp began coverage on THOR Industries in a research note on Wednesday, April 19th. They set a “sector weight” rating on the stock. DA Davidson boosted their price target on THOR Industries from $72.00 to $85.00 in a research note on Thursday, June 8th. Finally, Truist Financial upped their price objective on THOR Industries from $72.00 to $84.00 in a research note on Wednesday, June 7th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.33.

THOR Industries Company Profile

(Free Report)

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.