Marshall Wace North America L.P. Purchases 8,059 Shares of Thor Industries, Inc. (THO)
Marshall Wace North America L.P. boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 11.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 76,975 shares of the construction company’s stock after buying an additional 8,059 shares during the period. Marshall Wace North America L.P. owned approximately 0.15% of Thor Industries worth $8,083,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of THO. Huntington National Bank boosted its position in 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 period. Benjamin F. Edwards & Company Inc. boosted its position in 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 period. Sandy Spring Bank boosted its position in 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 period. Parametrica Management Ltd purchased a new position in Thor Industries during the second quarter valued at approximately $201,000. Finally, Winslow Evans & Crocker Inc. boosted its position in Thor Industries by 22.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,967 shares of the construction company’s stock valued at $206,000 after buying an additional 367 shares during the period. 89.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Thor Industries, Inc. (THO) opened at 103.59 on Friday. The stock has a 50 day moving average price of $104.42 and a 200 day moving average price of $101.07. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 16.17 and a beta of 1.40. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $115.74.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $1.51 EPS. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. Analysts forecast that Thor Industries, Inc. will post $6.77 earnings per share for the current year.
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Several research firms have commented on THO. Zacks Investment Research cut Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $110.00 price target (up previously from $97.00) on shares of Thor Industries in a report on Tuesday, June 6th. Sidoti began coverage on Thor Industries in a report on Friday, August 11th. They issued a “buy” rating and a $133.00 price target for the company. Off Wall Street began coverage on Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price target for the company. Finally, Stifel Nicolaus began coverage on Thor Industries in a report on Thursday, July 6th. They issued a “hold” rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $109.22.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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