120,386 Shares in THOR Industries, Inc. (NYSE:THO) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 120,386 shares of the construction company's stock, valued at approximately $13,229,000. Janney Montgomery Scott LLC owned about 0.23% of THOR Industries as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock valued at $28,000 after purchasing an additional 246 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company's stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP purchased a new stake in shares of THOR Industries in the 2nd quarter worth approximately $28,000. Blue Trust Inc. boosted its stake in shares of THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company's stock valued at $31,000 after purchasing an additional 285 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in THOR Industries during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Insider Buying and Selling

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company's stock, valued at approximately $15,169,075. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on THO. Citigroup increased their target price on THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research note on Tuesday, October 1st. DA Davidson reissued a "neutral" rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, THOR Industries has a consensus rating of "Moderate Buy" and an average target price of $110.80.

THOR Industries Stock Performance

Shares of THO traded down $0.45 during trading hours on Thursday, hitting $109.75. The stock had a trading volume of 343,226 shares, compared to its average volume of 499,687. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 22.26 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The firm has a 50-day moving average price of $106.68 and a 200 day moving average price of $101.54. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last posted its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 EPS. As a group, research analysts anticipate that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This is a positive change from THOR Industries's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.82%. THOR Industries's dividend payout ratio is 40.57%.

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.