Kayne Anderson Rudnick Investment Management LLC Boosts Holdings in Thor Industries, Inc. (NYSE:THO)

Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Thor Industries, Inc. (NYSE:THO) by 50.1% in the first quarter, HoldingsChannel.com reports. The fund owned 2,042,847 shares of the construction company’s stock after buying an additional 681,668 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Thor Industries were worth $127,412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of THO. BlackRock Inc. lifted its stake in shares of Thor Industries by 5.3% during the first quarter. BlackRock Inc. now owns 4,632,711 shares of the construction company’s stock worth $288,945,000 after purchasing an additional 231,869 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Thor Industries by 1.0% during the third quarter. Vanguard Group Inc now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after purchasing an additional 45,427 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Thor Industries by 40.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,393,483 shares of the construction company’s stock worth $86,912,000 after purchasing an additional 400,882 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Thor Industries by 4.8% during the first quarter. Janus Henderson Group PLC now owns 1,379,117 shares of the construction company’s stock worth $86,016,000 after purchasing an additional 62,997 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Thor Industries by 48.5% during the fourth quarter. American Century Companies Inc. now owns 1,366,347 shares of the construction company’s stock worth $71,050,000 after purchasing an additional 446,444 shares in the last quarter. 87.01% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:THO traded down $0.04 during trading on Friday, hitting $54.24. The company’s stock had a trading volume of 1,119,853 shares, compared to its average volume of 996,338. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.91 and a current ratio of 1.54. Thor Industries, Inc. has a fifty-two week low of $47.71 and a fifty-two week high of $109.94. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.74 and a beta of 1.82.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 10th. The construction company reported $1.65 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 business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm posted $2.53 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Thor Industries, Inc. will post 5.26 EPS for the current year.

A number of research analysts have commented on THO shares. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. Bank of America started coverage on Thor Industries in a research note on Tuesday, March 26th. They set an “underperform” rating and a $62.00 price objective on the stock. Jefferies Financial Group started coverage on Thor Industries in a research note on Thursday, March 28th. They set a “hold” rating and a $65.00 price objective on the stock. Finally, SunTrust Banks restated a “buy” rating and set a $80.00 price objective on shares of Thor Industries in a research note on Tuesday, June 11th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Thor Industries has a consensus rating of “Hold” and an average target price of $84.00.

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

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