Oppenheimer Asset Management Inc. Purchases 125,035 Shares of Thor Industries, Inc. $THO

Oppenheimer Asset Management Inc. raised its position in Thor Industries, Inc. (NYSE:THO) by 22.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 672,694 shares of the RV manufacturer’s stock after acquiring an additional 125,035 shares during the quarter. Thor Industries makes up 0.7% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 24th biggest holding. Oppenheimer Asset Management Inc. owned 1.26% of Thor Industries worth $59,742,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Thor Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock valued at $407,606,000 after acquiring an additional 326,584 shares during the period. ACR Alpine Capital Research LLC lifted its holdings in Thor Industries by 62.5% in the first quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the RV manufacturer’s stock valued at $264,040,000 after acquiring an additional 1,339,951 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Thor Industries by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the RV manufacturer’s stock valued at $224,364,000 after acquiring an additional 29,012 shares during the period. Timucuan Asset Management Inc. FL lifted its holdings in Thor Industries by 20.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the RV manufacturer’s stock valued at $185,613,000 after acquiring an additional 409,636 shares during the period. Finally, Southpoint Capital Advisors LP lifted its holdings in Thor Industries by 106.2% in the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock valued at $94,762,000 after acquiring an additional 643,851 shares during the period. Institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BMO Capital Markets increased their target price on Thor Industries from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Roth Capital set a $93.00 price target on Thor Industries and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Robert W. Baird upped their price target on Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Finally, KeyCorp upgraded Thor Industries from an “underweight” rating to a “sector weight” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Thor Industries has an average rating of “Hold” and a consensus target price of $104.00.

Thor Industries Stock Performance

NYSE:THO opened at $110.53 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85. The stock has a 50-day moving average price of $106.60 and a 200 day moving average price of $92.47. The stock has a market capitalization of $5.82 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.94 and a beta of 1.35.

Thor Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, October 23rd. This represents a $2.08 annualized dividend and a yield of 1.9%. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. Thor Industries’s dividend payout ratio (DPR) is 49.88%.

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.