Oppenheimer & Co. Inc. Purchases 228 Shares of Thor Industries, Inc. (NYSE:THO)

Oppenheimer & Co. Inc. lifted its position in shares of Thor Industries, Inc. (NYSE:THO) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,281 shares of the construction company’s stock after purchasing an additional 228 shares during the period. Oppenheimer & Co. Inc.’s holdings in Thor Industries were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in THO. Madison Investment Advisors LLC bought a new position in shares of Thor Industries during the fourth quarter worth approximately $95,688,000. Norges Bank bought a new position in shares of Thor Industries during the fourth quarter worth approximately $54,754,000. Raymond James Financial Inc. bought a new position in shares of Thor Industries during the fourth quarter worth approximately $52,497,000. Timucuan Asset Management Inc. FL increased its stake in shares of Thor Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock worth $195,130,000 after purchasing an additional 283,744 shares during the period. Finally, Southpoint Capital Advisors LP increased its stake in shares of Thor Industries by 73.2% during the fourth quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock worth $58,015,000 after purchasing an additional 256,149 shares during the period. Institutional investors own 96.71% of the company’s stock.

Insider Activity

In other Thor Industries news, Director Peter Busch Orthwein purchased 3,000 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the purchase, the director owned 136,400 shares in the company, valued at approximately $11,648,560. This trade represents a 2.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

Thor Industries Price Performance

Thor Industries stock opened at $92.55 on Friday. The stock’s fifty day moving average price is $82.68 and its two-hundred day moving average price is $87.24. Thor Industries, Inc. has a one year low of $63.16 and a one 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. The firm has a market cap of $4.92 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% 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 posted $2.13 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

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

Thor Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.16%. Thor Industries’s payout ratio is 47.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on THO shares. Wall Street Zen upgraded Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Robert W. Baird lowered Thor Industries from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. KeyCorp raised their price objective on Thor Industries from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Citigroup lowered Thor Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. Finally, BMO Capital Markets lowered their price objective on Thor Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Thor Industries has a consensus rating of “Hold” and a consensus 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.