Gabelli Funds LLC Reduces Stake in Thor Industries, Inc. (THO)

Gabelli Funds LLC trimmed its stake in shares of Thor Industries, Inc. (NYSE:THO) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,000 shares of the construction company’s stock after selling 1,500 shares during the quarter. Gabelli Funds LLC’s holdings in Thor Industries were worth $3,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THO. Sit Investment Associates Inc. lifted its holdings in Thor Industries by 26.9% during the 3rd quarter. Sit Investment Associates Inc. now owns 37,600 shares of the construction company’s stock worth $4,734,000 after buying an additional 7,975 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Thor Industries by 45.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock worth $1,945,000 after buying an additional 4,012 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Thor Industries by 34.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,259 shares of the construction company’s stock worth $3,894,000 after buying an additional 9,553 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Thor Industries by 114.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 160,300 shares of the construction company’s stock worth $20,183,000 after buying an additional 85,463 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Thor Industries by 14.5% in the 3rd quarter. IFP Advisors Inc now owns 6,852 shares of the construction company’s stock valued at $863,000 after purchasing an additional 868 shares during the last quarter. 88.55% of the stock is owned by hedge funds and other institutional investors.

THO has been the subject of several research reports. Robert W. Baird reissued a “buy” rating and issued a $136.00 target price on shares of Thor Industries in a report on Wednesday, November 1st. BMO Capital Markets boosted their target price on Thor Industries to $150.00 and gave the company a “market perform” rating in a report on Tuesday, November 28th. Argus downgraded Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Northcoast Research downgraded Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Thor Industries currently has an average rating of “Hold” and an average target price of $127.27.

Shares of Thor Industries, Inc. (THO) opened at $129.22 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. The company has a market capitalization of $6,810.00, a P/E ratio of 16.09 and a beta of 1.23. Thor Industries, Inc. has a one year low of $87.96 and a one year high of $161.48.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business earned $1.49 EPS. The firm’s revenue was up 30.6% compared to the same quarter last year. equities research analysts predict that Thor Industries, Inc. will post 9.1 earnings per share for the current year.

In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the transaction, the director now owns 4,988 shares in the company, valued at approximately $766,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

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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.

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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