Insight Capital Research & Management Inc. bought a new position in shares of Thor Industries Inc. (NYSE:THO) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 43,342 shares of the company’s stock, valued at approximately $2,806,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in shares of Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $182,000 after buying an additional 1,114 shares during the period. M&T Bank Corp increased its stake in shares of Thor Industries by 6.6% in the first quarter. M&T Bank Corp now owns 3,897 shares of the company’s stock worth $249,000 after buying an additional 242 shares during the period. HBK Investments L P acquired a new stake in shares of Thor Industries during the first quarter worth about $249,000. Genesee Valley Trust Co. increased its stake in shares of Thor Industries by 0.4% in the second quarter. Genesee Valley Trust Co. now owns 4,142 shares of the company’s stock worth $268,000 after buying an additional 15 shares during the period. Finally, BlackRock Japan Co. Ltd increased its stake in shares of Thor Industries by 37.0% in the first quarter. BlackRock Japan Co. Ltd now owns 4,217 shares of the company’s stock worth $269,000 after buying an additional 1,138 shares during the period. Hedge funds and other institutional investors own 85.69% of the company’s stock.
Thor Industries Inc. (NYSE:THO) traded up 1.36% during trading on Monday, reaching $85.85. The company’s stock had a trading volume of 783,267 shares. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 17.59 and a beta of 1.26. The firm has a 50 day moving average of $80.93 and a 200 day moving average of $70.32. Thor Industries Inc. has a 52 week low of $47.56 and a 52 week high of $87.08.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. The company earned $1.29 billion during the quarter. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 earnings per share. Analysts expect that Thor Industries Inc. will post $5.89 EPS for the current year.
A number of analysts have recently commented on the company. Wunderlich lifted their target price on Thor Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 7th. BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $72.00 to $67.00 in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Thursday, June 9th. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Finally, SunTrust Banks Inc. upgraded Thor Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $65.00 to $90.00 in a research report on Friday, July 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.29.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the transaction, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at approximately $119,987,593.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.80% of the stock is currently owned by company insiders.
About Thor Industries
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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