Value Holdings Management CO. LLC reduced its stake in Thor Industries, Inc. (NYSE:THO) by 17.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,476 shares of the construction company’s stock after selling 36,100 shares during the period. Thor Industries comprises approximately 7.8% of Value Holdings Management CO. LLC’s portfolio, making the stock its 6th largest position. Value Holdings Management CO. LLC owned 0.33% of Thor Industries worth $18,131,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Winslow Evans & Crocker Inc. acquired a new position in Thor Industries during the first quarter valued at $154,000. Benjamin F. Edwards & Company Inc. boosted its position in Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock valued at $156,000 after buying an additional 682 shares in the last quarter. Sandy Spring Bank boosted its position in Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after buying an additional 290 shares in the last quarter. Atria Investments LLC boosted its position in Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock valued at $213,000 after buying an additional 128 shares in the last quarter. Finally, Deschutes Portfolio Strategy LLC acquired a new position in Thor Industries during the first quarter valued at $226,000. 89.62% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries, Inc. (THO) traded up 0.14% during mid-day trading on Friday, hitting $102.73. The company had a trading volume of 327,918 shares. Thor Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $115.74. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.03 and a beta of 1.40. The firm’s 50 day moving average is $104.58 and its 200 day moving average is $101.09.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company’s revenue for the quarter was up 56.9% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. On average, equities research analysts predict that Thor Industries, Inc. will post $6.77 EPS for the current year.
THO has been the topic of several research analyst reports. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, May 10th. Citigroup Inc. reissued a “buy” rating and issued a $111.00 price objective (down previously from $117.00) on shares of Thor Industries in a research report on Saturday, April 22nd. SunTrust Banks, Inc. set a $125.00 price objective on Thor Industries and gave the stock a “buy” rating in a research report on Thursday, April 20th. Sidoti initiated coverage on Thor Industries in a research report on Friday, August 11th. They issued a “buy” rating and a $133.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on Thor Industries in a research report on Thursday, July 6th. They issued a “hold” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $109.22.
In related news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the transaction, the director now directly owns 4,988 shares in the company, valued at $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is currently owned by insiders.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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