Horizon Investment Services LLC decreased its position in shares of Thor Industries, Inc. (NYSE:THO) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,087 shares of the company’s stock after selling 511 shares during the period. Thor Industries comprises about 2.3% of Horizon Investment Services LLC’s investment portfolio, making the stock its 14th largest position. Horizon Investment Services LLC’s holdings in Thor Industries were worth $4,581,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of THO. Sandy Spring Bank raised its position in Thor Industries by 14.2% in the third quarter. Sandy Spring Bank now owns 1,525 shares of the company’s stock worth $129,000 after buying an additional 190 shares during the last quarter. Parametrica Management Ltd purchased a new position in Thor Industries during the third quarter worth about $212,000. Stephens Inc. AR purchased a new position in Thor Industries during the third quarter worth about $226,000. Palouse Capital Management Inc. purchased a new position in Thor Industries during the third quarter worth about $238,000. Finally, BancorpSouth Inc purchased a new position in Thor Industries during the third quarter worth about $256,000. 89.12% of the stock is owned by hedge funds and other institutional investors.
Shares of Thor Industries, Inc. (NYSE:THO) opened at 109.09 on Friday. Thor Industries, Inc. has a 12-month low of $49.88 and a 12-month high of $111.40. The company has a market capitalization of $5.74 billion, a P/E ratio of 20.18 and a beta of 1.25. The company has a 50 day moving average of $103.06 and a 200-day moving average of $89.17.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 28th. The company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.26. Thor Industries had a net margin of 5.41% and a return on equity of 23.74%. The business had revenue of $1.71 billion for the quarter. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 65.8% compared to the same quarter last year. On average, equities analysts anticipate that Thor Industries, Inc. will post $6.39 EPS for the current fiscal year.
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A number of analysts have commented on THO shares. Vetr downgraded shares of Thor Industries from a “strong-buy” rating to a “buy” rating and set a $95.66 price target on the stock. in a research report on Tuesday, November 15th. Argus boosted their price target on shares of Thor Industries to $115.00 and gave the stock a “buy” rating in a research report on Friday, January 6th. BMO Capital Markets boosted their price target on shares of Thor Industries from $80.00 to $102.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 29th. Finally, Robert W. Baird upgraded shares of Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 price target on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Thor Industries presently has an average rating of “Buy” and a consensus price target of $94.85.
In other news, Director Alan Siegel sold 2,236 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $100.41, for a total value of $224,516.76. Following the sale, the director now owns 6,988 shares of the company’s stock, valued at approximately $701,665.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.60% of the stock is currently owned by corporate 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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