Jefferies Financial Group Inc. Makes New Investment in Thor Industries, Inc. $THO

Jefferies Financial Group Inc. bought a new position in shares of Thor Industries, Inc. (NYSE:THO) during the 3rd quarter, Holdings Channel reports. The fund bought 19,259 shares of the RV manufacturer’s stock, valued at approximately $1,331,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP purchased a new position in shares of Thor Industries in the 2nd quarter valued at about $26,000. Heritage Family Offices LLP purchased a new stake in Thor Industries during the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Thor Industries during the second quarter worth about $52,000. Versant Capital Management Inc grew its position in Thor Industries by 865.7% during the third quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer’s stock worth $68,000 after buying an additional 883 shares during the period. Finally, Signaturefd LLC grew its position in Thor Industries by 37.4% during the third quarter. Signaturefd LLC now owns 1,048 shares of the RV manufacturer’s stock worth $72,000 after buying an additional 285 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets dropped their target price on shares of Thor Industries from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. Wells Fargo & Company initiated coverage on shares of Thor Industries in a research report on Monday, November 9th. They issued an “equal weight” rating and a $80.00 price objective on the stock. Truist Financial upped their price target on shares of Thor Industries from $80.00 to $87.00 and gave the company a “hold” rating in a report on Thursday, October 8th. Weiss Ratings upgraded shares of Thor Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, November 4th. Finally, Wall Street Zen downgraded Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.50.

Thor Industries Trading Down 0.2%

Shares of Thor Industries stock traded down $0.16 during mid-day trading on Friday, hitting $77.13. 862,306 shares of the stock were exchanged, compared to its average volume of 955,536. Thor Industries, Inc. has a twelve month low of $62.83 and a twelve month high of $122.83. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.06 and a beta of 1.53. The company has a 50-day simple moving average of $71.77 and a 200 day simple moving average of $80.33. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Thor Industries had a return on equity of 3.76% and a net margin of 1.85%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.36 earnings per share. Research analysts forecast that Thor Industries, Inc. will post 4.09 EPS for the current year.

Thor Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Tuesday, October 27th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. This is an increase from Thor Industries’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, October 27th. Thor Industries’s dividend payout ratio (DPR) is 63.72%.

About Thor Industries

Thor Industries is a manufacturer of recreational vehicles (RVs), including towable travel trailers and fifth wheels, as well as motorhomes. Its products serve consumers seeking options for road travel, camping and other forms of leisure recreation. The company sells RVs through a portfolio of brands that includes Airstream, Jayco, Keystone RV, Tiffin Motorhomes and the European-based Erwin Hymer Group. Its brands offer a range of vehicle styles and configurations for different customers and markets.