Summit Securities Group LLC acquired a new position in shares of Thor Industries, Inc. (NYSE:THO) during the second quarter, Holdings Channel reports. The firm acquired 3,700 shares of the construction company’s stock, valued at approximately $387,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake 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 worth $383,913,000 after buying an additional 214,042 shares during the last quarter. BlackRock Inc. raised its stake 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 worth $364,538,000 after buying an additional 3,766,293 shares during the last quarter. State Street Corp raised its stake 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 worth $126,925,000 after buying an additional 62,855 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $112,792,000 after buying an additional 803,868 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake 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 worth $101,262,000 after buying an additional 171,908 shares during the last quarter. 90.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of Thor Industries, Inc. (NYSE THO) opened at 104.55 on Friday. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 16.32 and a beta of 1.40. The firm 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 52 week low of $74.00 and a 52 week high of $115.74.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.24. The firm had revenue of $2.02 billion for 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%. Thor Industries’s quarterly revenue was up 56.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. On average, equities analysts expect 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 a number of analyst reports. 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 price objective on the stock in a research note on Saturday, June 24th. Citigroup Inc. reaffirmed a “buy” rating and set a $118.00 price objective (up previously from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Stifel Nicolaus initiated coverage on Thor Industries in a research note on Thursday, July 6th. They set a “hold” rating and a $110.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a research note on Thursday, July 13th. One 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’s stock. Thor Industries currently has an average rating of “Buy” and an average target price of $109.22.

In related news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at $545,936.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is currently 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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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