Jaffetilchin Investment Partners LLC Reduces Stake in Thor Industries, Inc. (THO)
Jaffetilchin Investment Partners LLC cut its position in Thor Industries, Inc. (NYSE:THO) by 25.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,893 shares of the construction company’s stock after selling 3,107 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Thor Industries were worth $929,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted 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 worth $364,538,000 after buying an additional 3,766,293 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Thor Industries during the first quarter worth about $99,442,000. JPMorgan Chase & Co. boosted 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 worth $112,792,000 after buying an additional 803,868 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in Thor Industries during the first quarter worth about $59,120,000. Finally, Neuberger Berman Group LLC boosted its stake in Thor Industries by 139.0% in the first quarter. Neuberger Berman Group LLC now owns 814,673 shares of the construction company’s stock worth $78,315,000 after buying an additional 473,786 shares during the last quarter. 89.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Thor Industries, Inc. (THO) opened at 106.55 on Tuesday. Thor Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $115.74. The company has a market capitalization of $5.60 billion, a PE ratio of 16.63 and a beta of 1.40. The company’s 50 day moving average is $104.97 and its 200-day moving average is $101.05.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.87 by $0.24. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business’s revenue for the quarter was up 56.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share. On average, analysts expect that Thor Industries, Inc. will post $6.77 EPS for the current fiscal year.
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A number of equities research analysts have issued reports on THO shares. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, May 10th. Citigroup Inc. reiterated a “buy” rating and issued a $111.00 target price (down from $117.00) on shares of Thor Industries in a research note on Saturday, April 22nd. SunTrust Banks, Inc. set a $125.00 target price on Thor Industries and gave the company a “buy” rating in a research note on Thursday, April 20th. Sidoti started coverage on Thor Industries in a research note on Friday. They issued a “buy” rating and a $133.00 target price on the stock. Finally, Stifel Nicolaus started coverage on Thor Industries in a research note on Thursday, July 6th. They issued a “hold” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $109.22.
In other news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 5,988 shares of the company’s stock, valued at $617,901.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by corporate insiders.
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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