Thor Industries, Inc. (THO) Stake Boosted by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC lifted its holdings in Thor Industries, Inc. (NYSE:THO) by 85.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,356 shares of the construction company’s stock after acquiring an additional 13,042 shares during the period. BlueMountain Capital Management LLC owned 0.05% of Thor Industries worth $2,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in THO. Great West Life Assurance Co. Can boosted its stake in shares of Thor Industries by 10.3% in the first quarter. Great West Life Assurance Co. Can now owns 38,628 shares of the construction company’s stock worth $3,713,000 after acquiring an additional 3,600 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Thor Industries by 1.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 57,831 shares of the construction company’s stock worth $5,559,000 after buying an additional 804 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Thor Industries by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 650,057 shares of the construction company’s stock worth $62,490,000 after buying an additional 36,593 shares in the last quarter. Comerica Bank lifted its position in shares of Thor Industries by 3.3% in the first quarter. Comerica Bank now owns 40,228 shares of the construction company’s stock worth $3,923,000 after buying an additional 1,282 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Thor Industries by 0.5% in the first quarter. Swiss National Bank now owns 82,400 shares of the construction company’s stock worth $7,921,000 after buying an additional 400 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

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Shares of Thor Industries, Inc. (NYSE:THO) opened at 113.14 on Friday. The firm’s 50-day moving average price is $106.60 and its 200-day moving average price is $101.08. Thor Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $115.74. The stock has a market capitalization of $5.95 billion, a P/E ratio of 17.66 and a beta of 1.38.

A number of equities research analysts recently commented on THO shares. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, August 30th. BidaskClub downgraded Thor Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 target price on shares of Thor Industries in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a research report on Friday, September 8th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $110.89.

In related news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Wednesday, June 28th. The stock was 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 legal filing with the SEC, which is available at this link. Insiders own 6.60% of the company’s stock.

About Thor Industries

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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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