ING Groep NV Takes $1.11 Million Position in Thor Industries, Inc. (THO)
ING Groep NV bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the fourth quarter, Holdings Channel reports. The institutional investor bought 7,394 shares of the construction company’s stock, valued at approximately $1,114,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of THO. Sigma Planning Corp bought a new stake in Thor Industries during the 3rd quarter valued at $202,000. Indiana Trust & Investment Management CO bought a new stake in Thor Industries during the 4th quarter valued at $203,000. Guardian Capital LP bought a new stake in Thor Industries during the 3rd quarter valued at $204,000. Optimum Investment Advisors bought a new stake in Thor Industries during the 3rd quarter valued at $205,000. Finally, Concorde Asset Management LLC bought a new stake in Thor Industries during the 3rd quarter valued at $211,000. 88.55% of the stock is owned by institutional investors and hedge funds.
Thor Industries, Inc. (NYSE:THO) opened at $129.22 on Tuesday. Thor Industries, Inc. has a one year low of $87.96 and a one year high of $161.48. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. The firm has a market capitalization of $6,810.00, a price-to-earnings ratio of 16.09 and a beta of 1.23.
Several research analysts have recently commented on the company. Robert W. Baird reissued a “buy” rating and issued a $136.00 price target on shares of Thor Industries in a research report on Wednesday, November 1st. BMO Capital Markets boosted their price target on Thor Industries to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 28th. Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Northcoast Research lowered Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price target for the company. in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $127.27.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the sale, the director now owns 4,988 shares in the company, valued at approximately $766,905. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by insiders.
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Thor Industries 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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