Thor Industries, Inc. (NYSE:THO) Shares Purchased by Swiss National Bank

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Swiss National Bank raised its position in shares of Thor Industries, Inc. (NYSE:THO) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,400 shares of the construction company’s stock after purchasing an additional 6,200 shares during the period. Swiss National Bank owned 0.19% of Thor Industries worth $5,985,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SFE Investment Counsel boosted its stake in Thor Industries by 30.0% during the 2nd quarter. SFE Investment Counsel now owns 76,602 shares of the construction company’s stock valued at $4,477,000 after purchasing an additional 17,698 shares during the period. Dupont Capital Management Corp boosted its stake in Thor Industries by 6.6% during the 2nd quarter. Dupont Capital Management Corp now owns 51,360 shares of the construction company’s stock valued at $3,002,000 after purchasing an additional 3,184 shares during the period. Gilder Gagnon Howe & Co. LLC acquired a new position in Thor Industries during the 1st quarter valued at about $3,129,000. Advisory Services Network LLC boosted its stake in Thor Industries by 224.9% during the 1st quarter. Advisory Services Network LLC now owns 10,340 shares of the construction company’s stock valued at $645,000 after purchasing an additional 7,157 shares during the period. Finally, Empirical Finance LLC acquired a new position in Thor Industries during the 1st quarter valued at about $963,000. 87.70% of the stock is owned by hedge funds and other institutional investors.

In other news, Director James L. Ziemer purchased 3,545 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were acquired at an average price of $57.23 per share, for a total transaction of $202,880.35. Following the completion of the acquisition, the director now directly owns 15,263 shares of the company’s stock, valued at $873,501.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is owned by insiders.

Shares of NYSE:THO opened at $43.10 on Wednesday. The company has a 50 day moving average of $53.25 and a 200-day moving average of $59.70. The firm has a market cap of $2.37 billion, a P/E ratio of 5.04, a P/E/G ratio of 0.48 and a beta of 1.84. Thor Industries, Inc. has a twelve month low of $42.05 and a twelve month high of $109.94. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 1.07.

Thor Industries (NYSE:THO) last released its earnings results on Monday, June 10th. The construction company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Thor Industries had a return on equity of 15.53% and a net margin of 1.74%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Thor Industries, Inc. will post 5.24 EPS for the current year.

THO has been the subject of a number of analyst reports. Northcoast Research initiated coverage on shares of Thor Industries in a research note on Friday, June 14th. They set a “buy” rating and a $67.00 target price for the company. SunTrust Banks reissued a “buy” rating and set a $80.00 target price on shares of Thor Industries in a research note on Tuesday, June 11th. Citigroup reduced their price target on shares of Thor Industries from $78.00 to $70.00 in a research note on Monday, June 17th. Wellington Shields lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “strong sell” rating in a research note on Wednesday, May 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $72.50.

About Thor Industries

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.

Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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