Thor Industries Inc. (THO) Stake Decreased by Alps Advisors Inc.
Alps Advisors Inc. decreased its stake in shares of Thor Industries Inc. (NYSE:THO) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 6,568 shares of the company’s stock after selling 480 shares during the period. Alps Advisors Inc.’s holdings in Thor Industries were worth $425,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. LS Investment Advisors LLC boosted 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 valued at $182,000 after buying an additional 1,114 shares during the last quarter. M&T Bank Corp boosted 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 valued at $249,000 after buying an additional 242 shares during the last quarter. HBK Investments L P purchased a new stake in shares of Thor Industries during the first quarter valued at $249,000. Genesee Valley Trust Co. boosted 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 valued at $268,000 after buying an additional 15 shares during the last quarter. Finally, BlackRock Japan Co. Ltd boosted 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 valued at $269,000 after buying an additional 1,138 shares during the last quarter. 85.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Thor Industries Inc. (NYSE:THO) traded down 1.12% on Friday, hitting $84.85. The stock had a trading volume of 703,855 shares. Thor Industries Inc. has a 12 month low of $47.56 and a 12 month high of $87.08. The company has a market cap of $4.45 billion, a P/E ratio of 17.38 and a beta of 1.26. The company’s 50 day moving average price is $81.75 and its 200-day moving average price is $70.93.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. The company had revenue of $1.29 billion for the quarter. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. On average, analysts expect that Thor Industries Inc. will post $5.89 earnings per share for the current year.
Several brokerages recently weighed in on THO. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Thursday. Great Lakes Dredge & Dock Corp. raised Thor Industries to a “buy” rating in a report on Wednesday, September 28th. Wellington Shields raised Thor Industries from a “gradually accumulate” rating to a “buy” rating in a report on Wednesday, September 28th. BMO Capital Markets reissued a “hold” rating on shares of Thor Industries in a report on Wednesday, September 28th. Finally, Wunderlich downgraded Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a report on Friday, August 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $79.00.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total transaction of $400,343.68. Following the transaction, the chairman now directly owns 1,400,252 shares in the company, valued at approximately $119,987,593.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.80% of the company’s stock.
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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