Biltmore Wealth Management adds Thor Industries (THO) to its portfolio

Thor Industries (THO) : Biltmore Wealth Management added new position in Thor Industries during the most recent quarter end. The investment management firm now holds 11,207 shares of Thor Industries which is valued at $848,930 , the company said in a statement filed on Aug 3, 2016 with the SEC.Thor Industries makes up approximately 0.71% of Biltmore Wealth Management’s portfolio.

Other Hedge Funds, Including , Diam Ltd. boosted its stake in THO in the latest quarter, The investment management firm added 5,876 additional shares and now holds a total of 47,596 shares of Thor Industries which is valued at $3,605,397. Thor Industries makes up approx 0.05% of Diam Ltd.’s portfolio.First Citizens Bank Trust Co boosted its stake in THO in the latest quarter, The investment management firm added 801 additional shares and now holds a total of 7,378 shares of Thor Industries which is valued at $564,712. Thor Industries makes up approx 0.05% of First Citizens Bank Trust Co’s portfolio. Cg Asset Management added THO to its portfolio by purchasing 20,325 company shares during the most recent quarter which is valued at $1,526,814. Thor Industries makes up approx 0.59% of Cg Asset Management’s portfolio. Meeder Asset Management Inc added THO to its portfolio by purchasing 5,668 company shares during the most recent quarter which is valued at $420,055. Thor Industries makes up approx 0.04% of Meeder Asset Management Inc’s portfolio.

Thor Industries closed down -0.1 points or -0.13% at $76.82 with 4,94,023 shares getting traded on Monday. Post opening the session at $76.91, the shares hit an intraday low of $76.59 and an intraday high of $77.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Thor Industries reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jun 6, 2016. Analyst had a consensus of $1.43. The company had revenue of $1284.00 million for the quarter, compared to analysts expectations of $1292.80 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Thor Industries. Thor Industries was Upgraded by SunTrust to ” Buy” on Jul 29, 2016. Company shares were Reiterated by Wunderlich on Jun 7, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .

Thor Industries Inc. (Thor) manufactures and sells various recreational vehicles (RV) throughout the United States and Canada as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels. In addition it also produces truck and folding campers and equestrian and other specialty towable recreational vehicles as well as Class A Class C and Class B motorhomes. The Company operates through two segments: towable recreational vehicles and motorized recreational vehicles. The Company through its operating subsidiaries manufactures recreational vehicles in North America. The subsidiaries are Airstream Inc. CrossRoads RV Thor Motor Coach Inc. Keystone RV Company Heartland Recreational Vehicles LLC Livin’ Lite RV Inc. Bison Coach K.Z. Inc. and Postle Operating LLC.

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