Thor Industries, Inc. (THO) Holdings Decreased by Bahl & Gaynor Inc.
Bahl & Gaynor Inc. lowered its holdings in Thor Industries, Inc. (NYSE:THO) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,082 shares of the construction company’s stock after selling 3,829 shares during the period. Bahl & Gaynor Inc. owned approximately 0.09% of Thor Industries worth $4,710,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Huntington National Bank raised its holdings in shares of Thor Industries by 82.0% in the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after acquiring an additional 443 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in shares of Thor Industries in the 2nd quarter valued at about $105,000. Fiduciary Trust Co. purchased a new stake in shares of Thor Industries in the 2nd quarter valued at about $133,000. Sandy Spring Bank raised its holdings in shares of Thor Industries by 21.0% in the 1st quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after acquiring an additional 290 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Thor Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after acquiring an additional 151 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Thor Industries, Inc. (THO) traded up 1.02% during trading on Friday, hitting $113.99. The company had a trading volume of 92,960 shares. The stock has a market capitalization of $5.99 billion, a P/E ratio of 17.79 and a beta of 1.38. Thor Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $115.74. The firm’s 50 day moving average is $106.41 and its 200-day moving average is $101.07.
Several analysts have weighed in on THO shares. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Off Wall Street started coverage on Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a report on Wednesday, August 16th. Finally, BidaskClub cut Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $110.89.
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In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at $545,936.60. The sale was disclosed in a filing with the SEC, which is available through this link. 6.60% of the stock is currently owned by corporate insiders.
About Thor Industries
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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