Hancock Holding Co. boosted its position in Thor Industries, Inc. (NYSE:THO) by 349.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,189 shares of the construction company’s stock after buying an additional 108,247 shares during the quarter. Hancock Holding Co. owned 0.26% of Thor Industries worth $14,549,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. World Asset Management Inc lifted its holdings in Thor Industries by 14.3% in the 1st quarter. World Asset Management Inc now owns 3,722 shares of the construction company’s stock worth $358,000 after buying an additional 467 shares in the last quarter. Karp Capital Management Corp acquired a new position in Thor Industries in the 1st quarter worth $2,351,000. United Capital Financial Advisers LLC lifted its holdings in Thor Industries by 2.7% in the 1st quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock worth $1,276,000 after buying an additional 354 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Thor Industries by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock worth $383,913,000 after buying an additional 214,042 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Thor Industries by 11.5% in the 2nd quarter. Pacer Advisors Inc. now owns 8,418 shares of the construction company’s stock worth $880,000 after buying an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan Siegel sold 1,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the sale, the director now directly owns 4,988 shares of the company’s stock, valued at $545,936.60. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.
A number of brokerages have commented on THO. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Saturday. Canaccord Genuity reiterated a “buy” rating on shares of Thor Industries in a report on Friday. Stifel Nicolaus reiterated a “hold” rating on shares of Thor Industries in a report on Thursday. Aegis began coverage on shares of Thor Industries in a report on Monday, September 11th. They issued a “hold” rating and a $113.00 price objective on the stock. Finally, Robert W. Baird reiterated a “buy” rating and issued a $120.00 price objective on shares of Thor Industries in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $111.47.
Thor Industries, Inc. (NYSE:THO) traded down 0.34% during midday trading on Friday, hitting $114.94. 432,924 shares of the stock traded hands. The stock has a market cap of $6.04 billion, a PE ratio of 17.94 and a beta of 1.38. 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 1-year low of $74.00 and a 1-year high of $115.85.
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Thor Industries Company Profile
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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