Keybank National Association OH acquired a new position in Thor Industries, Inc. (NYSE:THO) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,484 shares of the construction company’s stock, valued at approximately $1,215,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. acquired a new stake in Thor Industries during the 1st quarter valued at approximately $3,509,000. SFE Investment Counsel grew its stake in Thor Industries by 16.9% during the 1st quarter. SFE Investment Counsel now owns 58,904 shares of the construction company’s stock valued at $3,674,000 after purchasing an additional 8,512 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Thor Industries by 20.8% during the 1st quarter. JPMorgan Chase & Co. now owns 352,079 shares of the construction company’s stock valued at $21,957,000 after purchasing an additional 60,603 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Thor Industries by 5.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,935 shares of the construction company’s stock valued at $1,306,000 after purchasing an additional 1,107 shares in the last quarter. Finally, Mason Street Advisors LLC grew its stake in Thor Industries by 5.9% during the 1st quarter. Mason Street Advisors LLC now owns 27,817 shares of the construction company’s stock valued at $1,735,000 after purchasing an additional 1,540 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.
A number of brokerages have weighed in on THO. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. SunTrust Banks raised their price objective on Thor Industries to $85.00 and gave the company a “buy” rating in a research note on Tuesday, February 12th. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research note on Monday, February 4th. Finally, Jefferies Financial Group began coverage on Thor Industries in a research note on Thursday, March 28th. They set a “hold” rating and a $65.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $90.89.
Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, March 6th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.23). The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.58 billion. Thor Industries had a return on equity of 17.27% and a net margin of 3.21%. Thor Industries’s revenue was down 34.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 EPS. Research analysts expect that Thor Industries, Inc. will post 5.55 earnings per share for the current year.
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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