Thor Industries, Inc. (THO) Holdings Cut by Lingohr & Partner Asset Management GmbH

Lingohr & Partner Asset Management GmbH decreased its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 2.7% in the 1st quarter, Holdings Channel reports. The fund owned 14,268 shares of the construction company’s stock after selling 400 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in Thor Industries were worth $889,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of THO. FTB Advisors Inc. boosted its position in shares of Thor Industries by 155.6% during the fourth quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock worth $29,000 after buying an additional 347 shares during the period. Patten Group Inc. boosted its position in shares of Thor Industries by 40.0% during the fourth quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after buying an additional 160 shares during the period. Resources Investment Advisors Inc. purchased a new position in shares of Thor Industries during the fourth quarter worth $30,000. Private Capital Group LLC boosted its position in shares of Thor Industries by 56.1% during the fourth quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after buying an additional 210 shares during the period. Finally, Exane Derivatives purchased a new position in shares of Thor Industries during the fourth quarter worth $33,000. 87.14% of the stock is owned by institutional investors.

Several research firms have recently commented on THO. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Thursday, April 25th. Jefferies Financial Group began coverage on Thor Industries in a research report on Thursday, March 28th. They set a “hold” rating and a $65.00 price target for the company. Bank of America assumed coverage on Thor Industries in a research report on Tuesday, March 26th. They set an “underperform” rating and a $62.00 price target for the company. ValuEngine lowered Thor Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Finally, SunTrust Banks lifted their target price on Thor Industries to $85.00 and gave the company a “buy” rating in a report on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Thor Industries presently has an average rating of “Hold” and an average price target of $90.89.

NYSE:THO opened at $56.74 on Friday. The firm has a market capitalization of $3.09 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.74 and a beta of 1.70. Thor Industries, Inc. has a 12-month low of $47.71 and a 12-month high of $109.94.

Thor Industries (NYSE:THO) last released its earnings results on Wednesday, March 6th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.23). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The company’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same quarter last year, the business posted $1.51 earnings per share. As a group, research analysts anticipate that Thor Industries, Inc. will post 5.55 EPS for the current year.

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Thor Industries Profile

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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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