Fifth Third Bancorp Has $1,086,000 Position in Thor Industries, Inc. (THO)
Fifth Third Bancorp maintained its position in Thor Industries, Inc. (NYSE:THO) during the fourth quarter, Holdings Channel reports. The fund owned 12,824 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Thor Industries were worth $1,086,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in Thor Industries by 323.1% in the third quarter. Wells Fargo & Company MN now owns 2,040,377 shares of the company’s stock worth $172,820,000 after buying an additional 1,558,181 shares during the period. Scout Investments Inc. increased its position in Thor Industries by 24.8% in the second quarter. Scout Investments Inc. now owns 891,939 shares of the company’s stock worth $57,744,000 after buying an additional 177,444 shares during the period. Value Holdings Management CO. LLC bought a new position in Thor Industries during the fourth quarter worth approximately $17,656,000. Peregrine Capital Management LLC bought a new position in Thor Industries during the third quarter worth approximately $13,473,000. Finally, Bank of Montreal Can increased its position in Thor Industries by 321.2% in the third quarter. Bank of Montreal Can now owns 180,003 shares of the company’s stock worth $15,247,000 after buying an additional 137,266 shares during the period. Hedge funds and other institutional investors own 87.58% of the company’s stock.
Thor Industries, Inc. (NYSE:THO) opened at 111.29 on Friday. Thor Industries, Inc. has a 52-week low of $51.59 and a 52-week high of $111.81. The stock has a 50 day moving average of $103.99 and a 200-day moving average of $90.17. The company has a market capitalization of $5.85 billion, a P/E ratio of 20.59 and a beta of 1.25.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 28th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.26. The firm earned $1.71 billion during the quarter. Thor Industries had a net margin of 5.41% and a return on equity of 23.74%. Thor Industries’s revenue was up 65.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. On average, equities analysts forecast that Thor Industries, Inc. will post $6.39 earnings per share for the current year.
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THO has been the topic of a number of research analyst reports. Vetr downgraded shares of Thor Industries from a “strong-buy” rating to a “buy” rating and set a $95.66 price objective on the stock. in a research note on Tuesday, November 15th. Robert W. Baird upgraded shares of Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research note on Wednesday, February 8th. BMO Capital Markets increased their price objective on shares of Thor Industries from $80.00 to $102.00 and gave the company a “market perform” rating in a research note on Tuesday, November 29th. Finally, Argus increased their price objective on shares of Thor Industries to $115.00 and gave the company a “buy” rating in a research note on Friday, January 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Thor Industries has a consensus rating of “Buy” and an average price target of $94.85.
In other Thor Industries news, Director Alan Siegel sold 2,236 shares of Thor Industries stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $100.41, for a total value of $224,516.76. Following the completion of the sale, the director now directly owns 6,988 shares in the company, valued at $701,665.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is 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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