Thor Industries, Inc. (THO) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC cut its stake in Thor Industries, Inc. (NYSE:THO) by 10.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,559 shares of the construction company’s stock after selling 1,535 shares during the period. SG Americas Securities LLC’s holdings in Thor Industries were worth $1,313,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of THO. Huntington National Bank boosted its position in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock valued at $156,000 after buying an additional 682 shares during the period. Sandy Spring Bank boosted its position in Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after buying an additional 290 shares during the period. Parametrica Management Ltd bought a new position in Thor Industries during the second quarter valued at $201,000. Finally, Winslow Evans & Crocker Inc. boosted its position in Thor Industries by 22.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,967 shares of the construction company’s stock valued at $206,000 after buying an additional 367 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE THO) opened at 108.64 on Friday. The firm’s 50-day moving average is $105.01 and its 200-day moving average is $101.07. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 16.95 and a beta of 1.40. Thor Industries, Inc. has a 12-month low of $74.00 and a 12-month high of $115.74.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.24. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The company’s revenue for the quarter was up 56.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 earnings per share. Analysts predict that Thor Industries, Inc. will post $6.78 earnings per share for the current fiscal year.
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Several research analysts recently weighed in on THO shares. Citigroup Inc. restated a “buy” rating and issued a $118.00 price objective (up previously from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Thursday, June 8th. Sidoti started coverage on shares of Thor Industries in a research report on Friday, August 11th. They issued a “buy” rating and a $133.00 price objective for the company. BMO Capital Markets restated a “hold” rating and issued a $110.00 price objective on shares of Thor Industries in a research report on Thursday, July 13th. Finally, Stifel Nicolaus started coverage on shares of Thor Industries in a research report on Thursday, July 6th. They issued a “hold” rating and a $110.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.39.
In other news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the transaction, the director now owns 4,988 shares of the company’s stock, valued at $545,936.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is currently owned by company 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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