Sawgrass Asset Management LLC cut its position in shares of Thor Industries, Inc. (NYSE:THO) by 44.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,075 shares of the construction company’s stock after selling 5,665 shares during the period. Sawgrass Asset Management LLC’s holdings in Thor Industries were worth $739,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of THO. Huntington National Bank raised its stake in shares of Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after purchasing an additional 443 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Thor Industries during the 2nd quarter worth about $104,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Thor Industries during the 2nd quarter worth about $105,000. Fiduciary Trust Co. purchased a new stake in shares of Thor Industries during the 2nd quarter worth about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares in the last quarter. 89.48% of the stock is owned by institutional investors.
A number of brokerages have recently commented on THO. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a report on Thursday. Aegis began coverage on Thor Industries in a report on Monday, September 11th. They set a “hold” rating and a $113.00 price objective on the stock. Robert W. Baird reissued a “buy” rating and set a $120.00 price objective on shares of Thor Industries in a report on Friday, September 8th. Finally, BMO Capital Markets reissued a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Thor Industries presently has a consensus rating of “Buy” and a consensus target price of $110.89.
Thor Industries, Inc. (NYSE THO) traded down 0.39% during mid-day trading on Friday, reaching $114.88. The company’s stock had a trading volume of 93,186 shares. The company has a 50 day moving average of $107.11 and a 200-day moving average of $100.92. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $115.85. The stock has a market cap of $6.04 billion, a PE ratio of 17.93 and a beta of 1.38.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the sale, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.
About Thor Industries
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations 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.
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