Jump Financial LLC Purchases 6,725 Shares of THOR Industries, Inc. (NYSE:THO)

Jump Financial LLC grew its position in THOR Industries, Inc. (NYSE:THO) by 75.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,636 shares of the construction company’s stock after acquiring an additional 6,725 shares during the period. Jump Financial LLC’s holdings in THOR Industries were worth $1,497,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of THO. Madison Investment Advisors LLC acquired a new stake in THOR Industries in the 4th quarter valued at about $95,688,000. ACR Alpine Capital Research LLC raised its stake in THOR Industries by 40.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after buying an additional 619,318 shares during the period. Norges Bank acquired a new stake in shares of THOR Industries in the fourth quarter valued at approximately $54,754,000. Raymond James Financial Inc. bought a new position in shares of THOR Industries during the 4th quarter worth approximately $52,497,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on THO shares. BMO Capital Markets reduced their price objective on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and lowered their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Robert W. Baird cut THOR Industries from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Finally, DA Davidson upgraded THOR Industries to a “hold” rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, THOR Industries has an average rating of “Hold” and a consensus target price of $87.57.

THOR Industries Stock Up 1.5 %

Shares of THO opened at $69.06 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85. The firm’s 50 day moving average is $83.38 and its 200-day moving average is $97.11. The stock has a market capitalization of $3.67 billion, a PE ratio of 17.66, a P/E/G ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. Equities research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.90%. THOR Industries’s dividend payout ratio is 53.05%.

About THOR Industries

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.