Oppenheimer Asset Management Inc. Raises Position in Thor Industries, Inc. (THO)
Oppenheimer Asset Management Inc. boosted its position in shares of Thor Industries, Inc. (NYSE:THO) by 8.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,667 shares of the construction company’s stock after buying an additional 6,672 shares during the period. Oppenheimer Asset Management Inc. owned 0.16% of Thor Industries worth $8,642,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Huntington National Bank boosted 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 worth $103,000 after buying an additional 443 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted 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 worth $156,000 after buying an additional 682 shares in the last quarter. Sandy Spring Bank boosted 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 worth $161,000 after buying an additional 290 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Thor Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after buying an additional 151 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Thor Industries during the second quarter worth $201,000. 89.67% of the stock is currently owned by institutional investors.
Thor Industries, Inc. (NYSE THO) traded down 1.07% on Friday, hitting $107.48. The stock had a trading volume of 53,133 shares. The company has a 50-day moving average price of $105.01 and a 200 day moving average price of $101.07. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $115.74. The firm has a market cap of $5.65 billion, a PE ratio of 16.77 and a beta of 1.40.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The firm’s quarterly revenue was up 56.9% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. Equities analysts forecast that Thor Industries, Inc. will post $6.78 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Citigroup Inc. restated a “buy” rating and set a $118.00 price target (up from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Wednesday. Sidoti assumed coverage on Thor Industries in a research report on Friday, August 11th. They set a “buy” rating and a $133.00 price target on the stock. Finally, BMO Capital Markets restated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $109.39.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated 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 owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.60% of the company’s stock.
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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