HM Payson & Co. boosted its stake in Thor Industries, Inc. (NYSE:THO) by 19.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,026 shares of the construction company’s stock after buying an additional 30,290 shares during the period. HM Payson & Co. owned 0.35% of Thor Industries worth $19,234,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in THO. Sit Investment Associates Inc. raised its stake in shares of Thor Industries by 19.7% in the first quarter. Sit Investment Associates Inc. now owns 24,900 shares of the construction company’s stock valued at $2,394,000 after buying an additional 4,100 shares in the last quarter. Meritage Portfolio Management raised its stake in shares of Thor Industries by 127.0% in the first quarter. Meritage Portfolio Management now owns 151,343 shares of the construction company’s stock valued at $14,549,000 after buying an additional 84,680 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Thor Industries by 3.4% in the first quarter. Profund Advisors LLC now owns 6,547 shares of the construction company’s stock valued at $629,000 after buying an additional 216 shares in the last quarter. UMB Bank N A MO raised its stake in shares of Thor Industries by 6.5% in the first quarter. UMB Bank N A MO now owns 5,016 shares of the construction company’s stock valued at $482,000 after buying an additional 305 shares in the last quarter. Finally, First Manhattan Co. bought a new stake in shares of Thor Industries during the first quarter valued at approximately $1,592,000. 89.62% of the stock is currently owned by institutional investors.
Thor Industries, Inc. (THO) opened at 102.73 on Friday. Thor Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $115.74. The company has a market cap of $5.40 billion, a P/E ratio of 16.03 and a beta of 1.40. The firm has a 50-day moving average price of $104.58 and a 200 day moving average price of $101.09.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.24. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company’s revenue was up 56.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. On average, equities analysts expect that Thor Industries, Inc. will post $6.77 earnings per share for the current year.
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Several brokerages recently commented on THO. Off Wall Street began coverage on Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target on the stock. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Saturday, June 24th. BidaskClub lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research note on Wednesday. Finally, BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $109.22.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $103.19, for a total value of $103,190.00. Following the sale, the director now owns 5,988 shares of the company’s stock, valued at approximately $617,901.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.60% of the company’s stock.
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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