Copeland Capital Management LLC raised its position in shares of Thor Industries, Inc. (NYSE:THO) by 18.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 214,746 shares of the construction company’s stock after buying an additional 33,816 shares during the period. Thor Industries comprises 1.5% of Copeland Capital Management LLC’s holdings, making the stock its 13th largest position. Copeland Capital Management LLC owned approximately 0.41% of Thor Industries worth $22,445,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in THO. 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 period. Point72 Asset Management L.P. acquired a new stake in Thor Industries during the first quarter worth $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 period. Scopus Asset Management L.P. acquired a new stake in Thor Industries during the first quarter worth $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 period. 90.36% of the stock is currently owned by institutional investors.
Thor Industries, Inc. (NYSE THO) traded up 2.80% on Friday, reaching $104.55. 677,078 shares of the company’s stock traded hands. The firm has a market capitalization of $5.50 billion, a PE ratio of 16.32 and a beta of 1.40. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $115.74. The firm’s 50 day moving average price is $105.00 and its 200 day moving average price is $101.08.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $1.51 earnings per share. Thor Industries’s quarterly revenue was up 56.9% on a year-over-year basis. On average, analysts predict that Thor Industries, Inc. will post $6.76 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on THO shares. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday, May 10th. Citigroup Inc. reaffirmed a “buy” rating and set a $111.00 price target (down previously from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. BMO Capital Markets cut Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. SunTrust Banks, Inc. set a $125.00 price objective on shares of Thor Industries and gave the company a “buy” rating in a research note on Thursday, April 20th. Finally, Off Wall Street assumed coverage on shares of Thor Industries in a research note on Thursday, June 29th. They set a “sell” rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average 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 that occurred on Thursday, June 8th. The shares were sold at an average price of $103.19, for a total transaction of $103,190.00. Following the transaction, the director now directly owns 5,988 shares in the company, valued at $617,901.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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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