November 30, 2016 - By Hazel Jackson · 0 Comments
Thor Industries Inc (NYSE:THO) institutional sentiment decreased to 1 in 2016 Q2. Its down -0.37, from 1.37 in 2016Q1. The ratio is negative, as 175 investment managers started new or increased equity positions, while 128 decreased and sold their stock positions in Thor Industries Inc. The investment managers in our partner’s database now hold: 43.86 million shares, down from 49.27 million shares in 2016Q1. Also, the number of investment managers holding Thor Industries Inc in their top 10 equity positions decreased from 16 to 12 for a decrease of 4. Sold All: 17 Reduced: 111 Increased: 124 New Position: 51.
Thor Industries, Inc. manufactures a range of recreational vehicles in the United States and sells those vehicles primarily in the United States and Canada. The company has a market cap of $5.93 billion.
About 944,970 shares traded hands or 19.00% up from the average. Thor Industries, Inc. (NYSE:THO) has risen 58.36% since April 27, 2016 and is uptrending. It has outperformed by 53.13% the S&P500.
Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on December, 5. They expect $1.23 EPS, up 26.80% or $0.26 from last year’s $0.97 per share. THO’s profit will be $72.84M for 20.35 P/E if the $1.23 EPS becomes a reality. After $1.57 actual EPS reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts -21.66% negative EPS growth.
According to Zacks Investment Research, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.”
12Th Street Asset Management Company Llc holds 8.18% of its portfolio in Thor Industries, Inc. for 318,862 shares. Knightsbridge Asset Management Llc owns 113,420 shares or 6.9% of their US portfolio. Moreover, Springbank Value Partners Lp has 5.4% invested in the company for 49,400 shares. The New York-based Value Holdings Lp has invested 5.36% in the stock. Southernsun Asset Management Llc, a Tennessee-based fund reported 2.65 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 insider sale for $400,360 net activity.
Ratings analysis reveals 63% of Thor Industries Inc’s analysts are positive. Out of 8 Wall Street analysts rating Thor Industries Inc, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $60 while the high is $80. The stock’s average target of $69 is -31.10% below today’s ($100.14) share price. THO was included in 11 notes of analysts from September 29, 2015. Wellington Shields upgraded the shares of THO in a report on Wednesday, September 28 to “Buy” rating. The rating was downgraded by Wunderlich on Friday, August 19 to “Hold”. The rating was upgraded by Great Lakes to “Buy” on Wednesday, September 28. The rating was maintained by Citigroup with “Buy” on Friday, October 2. On Tuesday, June 7 the stock rating was maintained by Wunderlich with “Buy”. The stock of Thor Industries, Inc. (NYSE:THO) earned “Outperform” rating by BMO Capital Markets on Tuesday, September 29. The stock has “Buy” rating given by Citigroup on Thursday, March 24. Suntrust Robinson upgraded the stock to “Buy” rating in Friday, July 29 report. On Tuesday, September 13 the stock rating was upgraded by Northcoast to “Buy”. On Wednesday, June 8 the stock rating was downgraded by BMO Capital Markets to “Market Perform”.
Thor Industries, Inc., incorporated on July 26, 1983, makes a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily throughout the United States and Canada, as well as related parts and accessories. The Company’s divisions include towable recreational vehicles, motorized recreational vehicles and Other. The towable recreational vehicle segment includes the activities of Airstream, Inc. (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp. (Jayco) (including Jayco towable, Starcraft and Highland Ridge), Keystone RV Company (Keystone) (including CrossRoads and Dutchmen) and K.Z., Inc. (KZ) (including Livin’ Lite RV, Inc. (Livin’ Lite)). The motorized recreational vehicle segment includes the activities of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach, Inc. (Thor Motor Coach). The Company’s Other segment includes the activities of its subsidiary, Postle Operating, LLC (Postle).
More notable recent Thor Industries, Inc. (NYSE:THO) news were published by: Foxbusiness.com which released: “Why Thor Industries, Inc. Stock Popped Today” on November 29, 2016, also Forbes.com with their article: “An Interview With Bob Martin, President And CEO Of Thor Industries, Inc.” published on October 31, 2016, Forbes.com published: “Thor Industries Enters Oversold Territory” on November 03, 2016. More interesting news about Thor Industries, Inc. (NYSE:THO) were released by: Seekingalpha.com and their article: “Thor subsidiary to build new RV manufacturing plants” published on November 30, 2016 as well as Wsj.com‘s news article titled: “Thor Industries to Buy Jayco for $576 Million” with publication date: July 01, 2016.
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By Hazel Jackson