BB&T Securities LLC raised its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 25.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,453 shares of the construction company’s stock after buying an additional 7,294 shares during the period. BB&T Securities LLC owned about 0.07% of Thor Industries worth $3,453,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of THO. Private Capital Group LLC boosted its holdings in Thor Industries by 351.7% during the second quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock worth $105,000 after buying an additional 844 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Thor Industries during the first quarter worth approximately $146,000. Itau Unibanco Holding S.A. boosted its holdings in Thor Industries by 282.9% during the second quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock worth $155,000 after buying an additional 1,174 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in Thor Industries during the first quarter worth approximately $170,000. Finally, Cerebellum GP LLC bought a new stake in Thor Industries during the second quarter worth approximately $173,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.
Thor Industries stock opened at $94.62 on Friday. Thor Industries, Inc. has a 52 week low of $87.62 and a 52 week high of $161.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.67 and a quick ratio of 0.96. The company has a market capitalization of $5.06 billion, a P/E ratio of 13.35 and a beta of 1.29.
Thor Industries declared that its board has approved a share repurchase program on Wednesday, June 20th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
THO has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $124.00 price objective on shares of Thor Industries in a research note on Monday, June 4th. Citigroup decreased their price objective on shares of Thor Industries from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, June 21st. ValuEngine lowered shares of Thor Industries from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Finally, Sidoti decreased their price objective on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $128.50.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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