Sentinel Trust Co. LBA Invests $1.06 Million in Thor Industries, Inc. (THO)

Sentinel Trust Co. LBA purchased a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,870 shares of the construction company’s stock, valued at approximately $1,059,000.

Other institutional investors also recently bought and sold shares of the company. Private Capital Group LLC raised its stake in shares of Thor Industries by 351.7% during the second quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock valued at $105,000 after acquiring an additional 844 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Thor Industries during the first quarter valued at approximately $146,000. Point72 Asia Hong Kong Ltd purchased a new position in Thor Industries during the first quarter valued at approximately $170,000. Itau Unibanco Holding S.A. increased its holdings in Thor Industries by 282.9% during the second quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock valued at $155,000 after buying an additional 1,174 shares during the period. Finally, Cerebellum GP LLC purchased a new position in Thor Industries during the second quarter valued at approximately $173,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

NYSE THO opened at $98.86 on Monday. 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 12-month low of $87.62 and a 12-month high of $161.48. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 13.94 and a beta of 1.29.

Thor Industries declared that its board has initiated a stock buyback program on Wednesday, June 20th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

THO has been the topic of several research reports. Zacks Investment Research raised shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 17th. ValuEngine lowered shares of Thor Industries from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Northcoast Research reissued a “buy” rating on shares of Thor Industries in a report on Friday, August 17th. Stifel Nicolaus reissued a “hold” rating and set a $124.00 price objective on shares of Thor Industries in a report on Monday, June 4th. Finally, Citigroup cut their price objective on shares of Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Thor Industries presently has an average rating of “Buy” and an average target price of $128.50.

Thor Industries Company Profile

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.

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

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