FDx Advisors Inc. trimmed its stake in Thor Industries, Inc. (NYSE:THO) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 7,267 shares of the construction company’s stock after selling 427 shares during the quarter. FDx Advisors Inc.’s holdings in Thor Industries were worth $1,095,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Indiana Trust & Investment Management CO purchased a new stake in shares of Thor Industries in the fourth quarter worth approximately $203,000. CAPROCK Group Inc. purchased a new stake in shares of Thor Industries in the fourth quarter worth approximately $231,000. FNY Partners Fund LP purchased a new stake in shares of Thor Industries in the fourth quarter worth approximately $226,000. Sigma Planning Corp purchased a new stake in shares of Thor Industries in the third quarter worth approximately $202,000. Finally, Guardian Capital LP purchased a new stake in shares of Thor Industries in the third quarter worth approximately $204,000. 88.13% of the stock is owned by institutional investors and hedge funds.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the transaction, the director now owns 4,988 shares in the company, valued at $766,905. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.10% of the company’s stock.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the consensus estimate of $1.84 by $0.59. Thor Industries had a return on equity of 31.59% and a net margin of 5.75%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $1.49 earnings per share. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. equities analysts expect that Thor Industries, Inc. will post 9.1 EPS for the current year.
Several equities analysts recently weighed in on THO shares. Northcoast Research reaffirmed a “hold” rating on shares of Thor Industries in a research report on Tuesday. Stifel Nicolaus set a $132.00 price objective on shares of Thor Industries and gave the company a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Argus lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Finally, ValuEngine raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Thor Industries currently has an average rating of “Hold” and an average target price of $127.27.
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Thor Industries 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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