Teacher Retirement System of Texas boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,214 shares of the construction company’s stock after buying an additional 241 shares during the period. Teacher Retirement System of Texas’ holdings in Thor Industries were worth $440,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after buying an additional 214,042 shares during the last quarter. BlackRock Inc. increased its stake in Thor Industries by 14,578.8% in the first quarter. BlackRock Inc. now owns 3,792,127 shares of the construction company’s stock valued at $364,538,000 after buying an additional 3,766,293 shares during the last quarter. State Street Corp increased its stake in Thor Industries by 5.0% in the first quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after buying an additional 62,855 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Thor Industries by 217.6% in the first quarter. JPMorgan Chase & Co. now owns 1,173,336 shares of the construction company’s stock valued at $112,792,000 after buying an additional 803,868 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Thor Industries by 19.5% in the first quarter. AQR Capital Management LLC now owns 1,053,386 shares of the construction company’s stock valued at $101,262,000 after buying an additional 171,908 shares during the last quarter. 89.62% of the stock is owned by institutional investors and hedge funds.
Shares of Thor Industries, Inc. (NYSE:THO) opened at 102.73 on Monday. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $115.74. The firm’s 50-day moving average price is $104.58 and its 200 day moving average price is $101.09. The stock has a market capitalization of $5.40 billion, a P/E ratio of 16.03 and a beta of 1.40.
Thor Industries (NYSE:THO) last released its quarterly 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. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. Analysts expect that Thor Industries, Inc. will post $6.77 EPS for the current fiscal year.
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THO has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a report on Wednesday, August 16th. BidaskClub raised Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Saturday, June 24th. Citigroup Inc. reissued a “buy” rating and issued a $118.00 target price (up from $111.00) on shares of Thor Industries in a report on Friday, June 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $110.00 target price on shares of Thor Industries in a report on Thursday, July 13th. One investment 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 an average rating of “Buy” and an average price target of $109.22.
In related news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $103.19, for a total transaction of $103,190.00. Following the sale, the director now owns 5,988 shares of the company’s stock, valued at $617,901.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by insiders.
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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