Jaffetilchin Investment Partners LLC Has $929,000 Position in Thor Industries, Inc. (THO)
Jaffetilchin Investment Partners LLC cut its stake in shares of Thor Industries, Inc. (NYSE:THO) by 25.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,893 shares of the construction company’s stock after selling 3,107 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Thor Industries were worth $929,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after buying an additional 214,042 shares during the last quarter. BlackRock Inc. raised 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 valued at $364,538,000 after buying an additional 3,766,293 shares during the last quarter. State Street Corp raised its position in Thor Industries by 5.0% in the first quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after buying an additional 62,855 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 valued at $112,792,000 after buying an additional 803,868 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Thor Industries by 19.5% in the first quarter. AQR Capital Management LLC now owns 1,053,386 shares of the construction company’s stock valued at $101,262,000 after buying an additional 171,908 shares during the last quarter. 89.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Thor Industries, Inc. (NYSE:THO) opened at 106.55 on Tuesday. The firm has a 50 day moving average price of $104.97 and a 200 day moving average price of $101.05. Thor Industries, Inc. has a one year low of $74.00 and a one year high of $115.74. The company has a market capitalization of $5.60 billion, a P/E ratio of 16.63 and a beta of 1.40.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The firm’s revenue was up 56.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 EPS. On average, equities research analysts predict that Thor Industries, Inc. will post $6.77 EPS for the current fiscal year.
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Several equities analysts have weighed in on THO shares. BidaskClub raised Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Saturday, June 24th. Citigroup Inc. reissued a “buy” rating and issued a $118.00 target price (up previously from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Stifel Nicolaus started coverage on Thor Industries in a research note on Thursday, July 6th. They issued a “hold” rating and a $110.00 target price on the stock. Finally, BMO Capital Markets reissued a “hold” rating and issued a $110.00 target price on shares of Thor Industries in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $109.22.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total value of $109,450.00. Following the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is owned by 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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