Beacon Investment Advisory Services Inc. bought a new position in Thor Industries, Inc. (NYSE:THO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 59,488 shares of the construction company’s stock, valued at approximately $7,490,000. Beacon Investment Advisory Services Inc. owned 0.11% of Thor Industries at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in THO. Janus Henderson Group PLC acquired a new stake in shares of Thor Industries during the second quarter worth approximately $128,458,000. Swedbank acquired a new stake in shares of Thor Industries during the third quarter worth approximately $129,759,000. Capital Growth Management LP acquired a new stake in shares of Thor Industries during the second quarter worth approximately $47,034,000. Chilton Investment Co. LLC acquired a new stake in shares of Thor Industries during the second quarter worth approximately $37,692,000. Finally, BlackRock Inc. boosted its holdings in shares of Thor Industries by 8.7% during the second quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock worth $430,843,000 after purchasing an additional 329,996 shares during the period. Institutional investors own 88.63% of the company’s stock.
In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the transaction, the director now owns 4,988 shares of the company’s stock, valued at $766,905. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 1,396,352 shares in the company, valued at approximately $160,580,480. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.
Several analysts recently commented on THO shares. Robert W. Baird restated a “buy” rating and set a $120.00 price target on shares of Thor Industries in a report on Friday, September 8th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Tuesday, September 5th. Northcoast Research reaffirmed a “buy” rating and set a $145.00 price objective (up previously from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. Canaccord Genuity reaffirmed a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Finally, SunTrust Banks raised their price objective on shares of Thor Industries and gave the company a “buy” rating in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $124.33.
Shares of Thor Industries, Inc. (NYSE:THO) traded down $0.39 on Monday, reaching $151.10. 424,500 shares of the company traded hands, compared to its average volume of 707,422. The company has a market capitalization of $7,920.00, a price-to-earnings ratio of 18.82 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. Thor Industries, Inc. has a 52-week low of $87.96 and a 52-week high of $156.86.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. research analysts expect that Thor Industries, Inc. will post 9.14 EPS for the current year.
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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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