ClariVest Asset Management LLC Sells 9,933 Shares of Thor Industries, Inc. (NYSE:THO)
ClariVest Asset Management LLC decreased its position in Thor Industries, Inc. (NYSE:THO) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 235,937 shares of the construction company’s stock after selling 9,933 shares during the period. ClariVest Asset Management LLC’s holdings in Thor Industries were worth $24,660,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in THO. Huntington National Bank raised its position in shares of Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new position in shares of Thor Industries during the first quarter valued at approximately $154,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock valued at $156,000 after buying an additional 682 shares in the last quarter. Sandy Spring Bank raised its position in shares of Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after buying an additional 290 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Thor Industries during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 90.36% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE:THO) opened at 104.55 on Friday. The firm has a market capitalization of $5.50 billion, a P/E ratio of 16.32 and a beta of 1.40. The stock has a 50 day moving average price of $105.00 and a 200 day moving average price of $101.08. Thor Industries, Inc. has a 12-month low of $74.00 and a 12-month high of $115.74.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $1.51 EPS. The business’s quarterly revenue was up 56.9% on a year-over-year basis. Equities analysts anticipate that Thor Industries, Inc. will post $6.76 earnings per share for the current fiscal year.
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THO has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, May 10th. Citigroup Inc. reiterated a “buy” rating and issued a $111.00 price target (down from $117.00) on shares of Thor Industries in a research note on Saturday, April 22nd. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. SunTrust Banks, Inc. set a $125.00 price target on shares of Thor Industries and gave the company a “buy” rating in a research note on Thursday, April 20th. Finally, Off Wall Street initiated coverage on shares of Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $109.22.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the sale, the director now directly owns 4,988 shares in the company, valued at approximately $545,936.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is currently owned by insiders.
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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