Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Thor Industries, Inc. (NYSE:THO) by 40.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,907 shares of the construction company’s stock after buying an additional 53,505 shares during the period. Thor Industries comprises about 2.2% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 7th largest position. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.35% of Thor Industries worth $19,326,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Huntington National Bank raised its stake in shares of Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in shares of Thor Industries during the first quarter valued at approximately $154,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock valued at $156,000 after buying an additional 682 shares during the last quarter. Sandy Spring Bank raised its stake in shares of Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after buying an additional 290 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of Thor Industries during the second quarter valued at approximately $201,000. 90.36% of the stock is owned by institutional investors and hedge funds.
Shares of Thor Industries, Inc. (NYSE THO) traded up 2.80% during trading on Friday, reaching $104.55. The company had a trading volume of 677,078 shares. The firm has a market capitalization of $5.50 billion, a PE ratio of 16.32 and a beta of 1.40. The firm has a 50-day moving average of $105.00 and a 200 day moving average of $101.08. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $115.74.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.51 earnings per share. Thor Industries’s revenue for the quarter was up 56.9% on a year-over-year basis. Analysts expect that Thor Industries, Inc. will post $6.76 earnings per share for the current year.
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Several brokerages have recently commented on THO. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Sidoti assumed coverage on Thor Industries in a research note on Friday. They set a “buy” rating and a $133.00 price objective on the stock. Zacks Investment Research cut Thor Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. reissued a “buy” rating and set a $118.00 price objective (up from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Finally, BMO Capital Markets reissued a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $109.22.
In related news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the transaction, the director now directly owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by corporate insiders.
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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