IFP Advisors Inc boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 12.0% during the second quarter, Holdings Channel reports. The fund owned 5,984 shares of the construction company’s stock after buying an additional 643 shares during the period. IFP Advisors Inc’s holdings in Thor Industries were worth $625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in THO. Somerset Trust Co boosted its stake in shares of Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock valued at $639,000 after buying an additional 25 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock valued at $392,000 after buying an additional 29 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in shares of Thor Industries by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock valued at $1,564,000 after buying an additional 82 shares during the last quarter. State Treasurer State of Michigan boosted its stake in shares of Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock valued at $1,865,000 after buying an additional 100 shares during the last quarter. Finally, Barnett & Company Inc. boosted its stake in shares of Thor Industries by 0.9% in the second quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock valued at $1,123,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.

Thor Industries, Inc. (THO) opened at 104.55 on Friday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 16.32 and a beta of 1.40. Thor Industries, Inc. has a 12-month low of $74.00 and a 12-month high of $115.74. The stock’s 50 day moving average price is $105.00 and its 200 day moving average price is $101.08.

Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. Thor Industries’s quarterly revenue was up 56.9% compared to the same quarter last year. On average, equities research analysts anticipate that Thor Industries, Inc. will post $6.76 earnings per share for the current fiscal year.

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Several analysts have issued reports on the company. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Thursday, June 8th. Off Wall Street assumed coverage on Thor Industries in a research note on Thursday, June 29th. They set a “sell” rating and a $75.00 price objective on the stock. Sidoti assumed coverage on Thor Industries in a research note on Friday. They set a “buy” rating and a $133.00 price objective on the stock. BMO Capital Markets restated a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a research note on Thursday, July 13th. Finally, SunTrust Banks, Inc. set a $125.00 price objective on Thor Industries and gave the company a “buy” rating in a research note on Thursday, April 20th. 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’s stock. The stock currently has an average rating of “Buy” and an average price target of $109.22.

In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the transaction, the director now owns 4,988 shares in the company, valued at $545,936.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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