CIBC World Markets Inc. Sells 4,736 Shares of Thor Industries, Inc. (THO)
CIBC World Markets Inc. lowered its stake in Thor Industries, Inc. (NYSE:THO) by 27.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,808 shares of the construction company’s stock after selling 4,736 shares during the period. CIBC World Markets Inc.’s holdings in Thor Industries were worth $1,339,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THO. BlackRock Inc. grew its position in Thor Industries by 14,578.8% in the first quarter. BlackRock Inc. now owns 3,792,127 shares of the construction company’s stock worth $364,538,000 after acquiring an additional 3,766,293 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Thor Industries in the first quarter worth about $99,442,000. JPMorgan Chase & Co. lifted its stake in Thor Industries by 217.6% in the first quarter. JPMorgan Chase & Co. now owns 1,173,336 shares of the construction company’s stock worth $112,792,000 after purchasing an additional 803,868 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in Thor Industries in the first quarter worth about $59,120,000. Finally, Neuberger Berman Group LLC lifted its stake in Thor Industries by 139.0% in the first quarter. Neuberger Berman Group LLC now owns 814,673 shares of the construction company’s stock worth $78,315,000 after purchasing an additional 473,786 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE:THO) opened at 112.84 on Friday. Thor Industries, Inc. has a one year low of $74.00 and a one year high of $115.74. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 17.61 and a beta of 1.38. The stock has a 50 day moving average of $106.41 and a 200-day moving average of $101.07.
Several research firms have recently weighed in on THO. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of Thor Industries in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird reissued a “buy” rating and set a $120.00 price objective on shares of Thor Industries in a report on Friday, September 8th. Sidoti began coverage on shares of Thor Industries in a report on Friday, August 11th. They issued a “buy” rating and a $133.00 price target on the stock. Finally, Off Wall Street began coverage on shares of Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Thor Industries has an average rating of “Buy” and a consensus price target of $110.89.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were 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 of the company’s stock, valued at $545,936.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.60% of the company’s stock.
Thor Industries 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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