Smith Asset Management Group LP lessened its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,362 shares of the construction company’s stock after selling 11,630 shares during the period. Thor Industries accounts for about 1.1% of Smith Asset Management Group LP’s investment portfolio, making the stock its 26th biggest holding. Smith Asset Management Group LP owned 0.44% of Thor Industries worth $35,022,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC increased its stake in shares of Thor Industries by 45.1% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock valued at $1,945,000 after acquiring an additional 4,012 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Thor Industries by 34.5% during the second quarter. Public Employees Retirement System of Ohio now owns 37,259 shares of the construction company’s stock valued at $3,894,000 after acquiring an additional 9,553 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Thor Industries by 114.2% during the third quarter. BNP Paribas Arbitrage SA now owns 160,300 shares of the construction company’s stock valued at $20,183,000 after acquiring an additional 85,463 shares during the period. IFP Advisors Inc increased its stake in shares of Thor Industries by 14.5% during the third quarter. IFP Advisors Inc now owns 6,852 shares of the construction company’s stock valued at $863,000 after acquiring an additional 868 shares during the period. Finally, Janney Capital Management LLC acquired a new position in shares of Thor Industries during the third quarter valued at approximately $566,000. 88.13% of the stock is currently owned by institutional investors.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were 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 SEC, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.
Thor Industries, Inc. (THO) opened at $123.41 on Friday. The company has a market cap of $6,534.10, a price-to-earnings ratio of 15.37 and a beta of 1.23. Thor Industries, Inc. has a twelve month low of $87.96 and a twelve month high of $161.48. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, topping the consensus estimate of $1.84 by $0.59. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The business’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.49 EPS. analysts expect that Thor Industries, Inc. will post 9.1 earnings per share for the current fiscal year.
THO has been the topic of a number of research analyst reports. Robert W. Baird reiterated a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research note on Wednesday, November 1st. BMO Capital Markets raised their price objective on shares of Thor Industries to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, November 28th. Argus lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. ValuEngine upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Northcoast Research lowered shares of Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Thor Industries presently has an average rating of “Hold” and an average price target of $127.27.
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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.
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