Prudential Financial Inc. trimmed its stake in shares of Thor Industries, Inc. (NYSE:THO) by 18.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395,185 shares of the construction company’s stock after selling 90,900 shares during the period. Prudential Financial Inc. owned about 0.72% of Thor Industries worth $23,099,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Thor Industries by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 544,009 shares of the construction company’s stock valued at $28,287,000 after purchasing an additional 45,673 shares during the period. Creative Planning lifted its position in shares of Thor Industries by 10.7% during the 1st quarter. Creative Planning now owns 7,061 shares of the construction company’s stock valued at $440,000 after acquiring an additional 682 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Thor Industries during the 1st quarter valued at approximately $270,000. BNP Paribas Arbitrage SA lifted its position in shares of Thor Industries by 44.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,193 shares of the construction company’s stock valued at $199,000 after acquiring an additional 978 shares during the period. Finally, World Asset Management Inc acquired a new stake in shares of Thor Industries during the 1st quarter valued at approximately $239,000. Institutional investors own 87.70% of the company’s stock.
A number of equities research analysts have recently issued reports on THO shares. Citigroup reduced their price target on shares of Thor Industries from $78.00 to $70.00 in a research report on Monday, June 17th. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “strong sell” rating in a research report on Wednesday, May 29th. Wellington Shields downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Bank of America reduced their price target on shares of Thor Industries from $58.00 to $47.00 and set an “underperform” rating for the company in a research report on Wednesday. Finally, Northcoast Research started coverage on shares of Thor Industries in a research report on Friday, June 14th. They set a “buy” rating and a $67.00 price target for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $71.11.
Shares of Thor Industries stock traded up $2.66 during trading on Thursday, hitting $47.25. 465,091 shares of the company were exchanged, compared to its average volume of 877,796. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 1.07. Thor Industries, Inc. has a fifty-two week low of $42.05 and a fifty-two week high of $109.94. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of 0.49 and a beta of 1.93. The firm has a 50 day moving average price of $51.19 and a 200 day moving average price of $58.91.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 10th. The construction company reported $1.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.01). Thor Industries had a return on equity of 15.53% and a net margin of 1.74%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm earned $2.53 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts predict that Thor Industries, Inc. will post 5.24 earnings per share for the current year.
In related news, Director James L. Ziemer acquired 3,545 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was purchased at an average cost of $57.23 per share, for a total transaction of $202,880.35. Following the transaction, the director now directly owns 15,263 shares of the company’s stock, valued at approximately $873,501.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 4.20% of the company’s stock.
About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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