Van Berkom & Associates Inc. Raises Position in Thor Industries, Inc. (NYSE:THO)

Van Berkom & Associates Inc. raised its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859,026 shares of the construction company’s stock after acquiring an additional 29,394 shares during the quarter. Van Berkom & Associates Inc. owned approximately 1.56% of Thor Industries worth $50,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of THO. BancorpSouth Bank raised its position in shares of Thor Industries by 2.2% during the 2nd quarter. BancorpSouth Bank now owns 8,463 shares of the construction company’s stock valued at $495,000 after purchasing an additional 185 shares during the period. Eqis Capital Management Inc. raised its position in shares of Thor Industries by 4.0% during the 2nd quarter. Eqis Capital Management Inc. now owns 7,099 shares of the construction company’s stock valued at $415,000 after purchasing an additional 271 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Thor Industries by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,234 shares of the construction company’s stock valued at $1,241,000 after purchasing an additional 299 shares during the period. Weik Capital Management raised its position in shares of Thor Industries by 2.2% during the 1st quarter. Weik Capital Management now owns 13,930 shares of the construction company’s stock valued at $869,000 after purchasing an additional 300 shares during the period. Finally, Beacon Investment Advisory Services Inc. raised its position in shares of Thor Industries by 0.5% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 62,732 shares of the construction company’s stock valued at $3,667,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 89.63% of the company’s stock.

In related news, Director James L. Ziemer purchased 3,545 shares of Thor Industries stock in a transaction on Monday, July 8th. The shares were bought at an average cost of $57.23 per share, for a total transaction of $202,880.35. Following the acquisition, the director now owns 15,263 shares in the company, valued at approximately $873,501.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.20% of the company’s stock.



Several analysts have recently commented on THO shares. Sidoti decreased their price objective on shares of Thor Industries from $81.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Citigroup decreased their price objective on shares of Thor Industries from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday. Bank of America decreased their price objective on shares of Thor Industries from $58.00 to $47.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. CL King downgraded shares of Thor Industries from a “buy” rating to a “neutral” rating in a research report on Monday, September 9th. Finally, SunTrust Banks restated a “buy” rating and set a $80.00 price objective on shares of Thor Industries in a research report on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Thor Industries presently has a consensus rating of “Hold” and an average target price of $70.56.

NYSE THO traded down $3.26 on Tuesday, reaching $50.55. The company had a trading volume of 1,208,678 shares, compared to its average volume of 861,681. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $2.96 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 0.67 and a beta of 1.93. The firm’s 50 day moving average price is $48.64 and its 200 day moving average price is $57.47. Thor Industries, Inc. has a 12 month low of $42.05 and a 12 month high of $88.08.

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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