SFE Investment Counsel Has $3.67 Million Stake in Thor Industries, Inc. (THO)
SFE Investment Counsel lifted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 16.9% in the 1st quarter, Holdings Channel reports. The firm owned 58,904 shares of the construction company’s stock after buying an additional 8,512 shares during the quarter. Thor Industries comprises about 1.7% of SFE Investment Counsel’s portfolio, making the stock its 22nd largest holding. SFE Investment Counsel’s holdings in Thor Industries were worth $3,674,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Patten Group Inc. raised its position in Thor Industries by 40.0% in the fourth quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after acquiring an additional 160 shares in the last quarter. FTB Advisors Inc. raised its position in Thor Industries by 155.6% in the fourth quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock worth $29,000 after acquiring an additional 347 shares in the last quarter. Resources Investment Advisors Inc. purchased a new position in Thor Industries in the fourth quarter worth $30,000. Private Capital Group LLC raised its position in Thor Industries by 56.1% in the fourth quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after acquiring an additional 210 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC purchased a new position in Thor Industries in the first quarter worth $39,000. Institutional investors and hedge funds own 87.11% of the company’s stock.
THO has been the subject of several research analyst reports. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. Jefferies Financial Group assumed coverage on Thor Industries in a report on Thursday, March 28th. They issued a “hold” rating and a $65.00 target price on the stock. Bank of America began coverage on Thor Industries in a report on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 target price on the stock. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. Finally, BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $90.89.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.23). The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Thor Industries had a return on equity of 17.27% and a net margin of 3.21%. The business’s revenue for the quarter was down 34.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.51 earnings per share. Analysts expect that Thor Industries, Inc. will post 5.55 EPS for the current fiscal year.
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About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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