Thor Industries, Inc. (THO) Shares Bought by Flinton Capital Management LLC
Flinton Capital Management LLC lifted its position in shares of Thor Industries, Inc. (NYSE:THO) by 57.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,484 shares of the construction company’s stock after buying an additional 24,004 shares during the period. Flinton Capital Management LLC owned approximately 0.12% of Thor Industries worth $6,844,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Hancock Holding Co. raised its position in shares of Thor Industries by 349.8% in the 2nd quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock worth $14,549,000 after buying an additional 108,247 shares during the period. United Capital Financial Advisers LLC grew its position in Thor Industries by 2.7% during the first quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock valued at $1,276,000 after acquiring an additional 354 shares during the period. Financial Counselors Inc. purchased a new stake in Thor Industries during the second quarter valued at about $1,144,000. Vanguard Group Inc. grew its position in Thor Industries by 5.7% during the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after acquiring an additional 214,042 shares during the period. Finally, Riverhead Capital Management LLC grew its position in Thor Industries by 58.0% during the second quarter. Riverhead Capital Management LLC now owns 64,296 shares of the construction company’s stock valued at $6,720,000 after acquiring an additional 23,596 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.
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Thor Industries, Inc. (NYSE THO) traded down 2.1437% during trading on Wednesday, reaching $125.3539. The company had a trading volume of 422,118 shares. Thor Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $129.71. The company has a market capitalization of $6.59 billion, a P/E ratio of 19.5621 and a beta of 1.37. The stock has a 50 day moving average of $111.72 and a 200-day moving average of $102.33.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the business earned $1.57 EPS. Thor Industries’s quarterly revenue was up 49.7% compared to the same quarter last year. Equities research analysts expect that Thor Industries, Inc. will post $8.05 EPS for the current fiscal year.
A number of equities analysts have recently commented on THO shares. Aegis restated a “hold” rating and issued a $130.00 price objective (up from $113.00) on shares of Thor Industries in a report on Saturday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $114.00 price objective (up from $110.00) on shares of Thor Industries in a research note on Saturday. BMO Capital Markets reiterated a “market perform” rating and set a $135.00 target price (up previously from $110.00) on shares of Thor Industries in a report on Saturday. Citigroup Inc. boosted their target price on Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a report on Monday. Finally, Robert W. Baird reissued an “outperform” rating and set a $120.00 target price on shares of Thor Industries in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Thor Industries has an average rating of “Buy” and an average target price of $119.74.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the transaction, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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