Marshall Wace LLP purchased a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 226,692 shares of the construction company’s stock, valued at approximately $22,078,000.

Several other hedge funds have also recently made changes to their positions in the company. Swedbank raised its holdings in Thor Industries by 62.7% in the 2nd quarter. Swedbank now owns 2,583,000 shares of the construction company’s stock valued at $251,558,000 after buying an additional 995,000 shares during the period. Renaissance Technologies LLC raised its holdings in Thor Industries by 808.7% in the 2nd quarter. Renaissance Technologies LLC now owns 386,200 shares of the construction company’s stock valued at $37,612,000 after buying an additional 343,700 shares during the period. BlackRock Inc. raised its holdings in Thor Industries by 6.9% in the 2nd quarter. BlackRock Inc. now owns 4,420,532 shares of the construction company’s stock valued at $430,517,000 after buying an additional 285,394 shares during the period. Janus Henderson Group PLC raised its holdings in Thor Industries by 23.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the construction company’s stock valued at $122,823,000 after buying an additional 236,775 shares during the period. Finally, Chilton Investment Co. LLC raised its holdings in Thor Industries by 51.4% in the 1st quarter. Chilton Investment Co. LLC now owns 582,973 shares of the construction company’s stock valued at $67,141,000 after buying an additional 197,899 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:THO opened at $94.84 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 1.67. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 13.38 and a beta of 1.29. Thor Industries, Inc. has a 1 year low of $87.62 and a 1 year high of $161.48.

Thor Industries announced that its Board of Directors has initiated a share buyback program on Wednesday, June 20th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several brokerages recently issued reports on THO. ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, July 19th. Citigroup reduced their price objective on shares of Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Stifel Nicolaus restated a “hold” rating and issued a $124.00 price objective on shares of Thor Industries in a report on Monday, June 4th. Finally, Sidoti reduced their price objective on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $128.50.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

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

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