Davy Asset Management Ltd Takes $2.12 Million Position in Thor Industries, Inc. (THO)

Davy Asset Management Ltd purchased a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 21,724 shares of the construction company’s stock, valued at approximately $2,116,000.

A number of other hedge funds also recently made changes to their positions in THO. Swedbank grew its holdings in Thor Industries by 62.7% during the second quarter. Swedbank now owns 2,583,000 shares of the construction company’s stock valued at $251,558,000 after purchasing an additional 995,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Thor Industries by 808.7% during the second quarter. Renaissance Technologies LLC now owns 386,200 shares of the construction company’s stock valued at $37,612,000 after purchasing an additional 343,700 shares during the last quarter. BlackRock Inc. grew its holdings in Thor Industries by 6.9% during the second quarter. BlackRock Inc. now owns 4,420,532 shares of the construction company’s stock valued at $430,517,000 after purchasing an additional 285,394 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Thor Industries by 23.1% during the second quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the construction company’s stock valued at $122,823,000 after purchasing an additional 236,775 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Thor Industries during the second quarter valued at approximately $22,078,000. Institutional investors own 87.99% of the company’s stock.

Several equities analysts have commented on THO shares. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, June 8th. Citigroup lowered their price target on Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Northcoast Research reiterated a “buy” rating on shares of Thor Industries in a report on Friday, August 17th. Finally, Sidoti lowered their price target on Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $128.50.

Shares of Thor Industries stock opened at $98.86 on Monday. The firm has a market capitalization of $5.00 billion, a PE ratio of 13.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 1.67. Thor Industries, Inc. has a 1 year low of $87.62 and a 1 year high of $161.48.

Thor Industries announced that its Board of Directors has initiated a stock repurchase program on Wednesday, June 20th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About Thor Industries

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

Further Reading: Fundamental Analysis and Choosing Stocks

Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thor Industries, Inc. (NYSE:THO).

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

Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply