Thor Industries, Inc. (THO) Stake Increased by Flinton Capital Management LLC
Flinton Capital Management LLC grew its stake in shares of Thor Industries, Inc. (NYSE:THO) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,958 shares of the construction company’s stock after acquiring an additional 1,598 shares during the period. Flinton Capital Management LLC’s holdings in Thor Industries were worth $10,695,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. purchased a new stake in shares of Thor Industries during the fourth quarter valued at $134,000. Good Life Advisors LLC purchased a new stake in Thor Industries in the fourth quarter worth about $201,000. Indiana Trust & Investment Management CO purchased a new stake in Thor Industries in the fourth quarter worth about $203,000. CAPROCK Group Inc. purchased a new stake in Thor Industries in the fourth quarter worth about $231,000. Finally, FNY Partners Fund LP purchased a new stake in Thor Industries in the fourth quarter worth about $226,000. 85.32% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on THO. Aegis raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Thursday, March 8th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and issued a $142.00 price objective (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. Northcoast Research reaffirmed a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, ValuEngine raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $129.90.
Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, March 7th. The construction company reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.11. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The firm’s revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. equities analysts predict that Thor Industries, Inc. will post 9.37 EPS for the current fiscal year.
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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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