Sentinel Trust Co. LBA Acquires New Holdings in Thor Industries, Inc. (THO)
Sentinel Trust Co. LBA acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,870 shares of the construction company’s stock, valued at approximately $1,059,000.
Several other institutional investors and hedge funds also recently made changes to their positions in THO. Private Capital Group LLC lifted its position in 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 purchasing an additional 844 shares during the period. Asset Management One Co. Ltd. acquired a new position in Thor Industries during the first quarter valued at $146,000. Itau Unibanco Holding S.A. lifted its position 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 purchasing an additional 1,174 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in Thor Industries during the first quarter valued at $170,000. Finally, Cerebellum GP LLC acquired a new position in Thor Industries during the second quarter valued at $173,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Thor Industries from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, June 21st. ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Sidoti decreased their target price on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $124.00 target price on shares of Thor Industries in a research report on Monday, June 4th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $128.50.
Thor Industries declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 20th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Thor Industries 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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