Wescap Management Group buys $2,284,908 stake in Thor Industries (THO)

Thor Industries (THO) : Wescap Management Group scooped up 966 additional shares in Thor Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 29,320 shares of Thor Industries which is valued at $2,284,908.Thor Industries makes up approximately 1.08% of Wescap Management Group’s portfolio.

Other Hedge Funds, Including , Pacer Advisors added THO to its portfolio by purchasing 4,308 company shares during the most recent quarter which is valued at $335,722. Thor Industries makes up approx 0.05% of Pacer Advisors’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in THO by selling 73,473 shares or 5.02% in the most recent quarter. The Hedge Fund company now holds 1,391,518 shares of THO which is valued at $108,440,998. Thor Industries makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Texas Permanent School Fund reduced its stake in THO by selling 1,612 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 34,912 shares of THO which is valued at $2,720,692. Thor Industries makes up approx 0.03% of Texas Permanent School Fund’s portfolio.Royce Associates Lp reduced its stake in THO by selling 213,885 shares or 11.65% in the most recent quarter. The Hedge Fund company now holds 1,621,659 shares of THO which is valued at $126,586,702. Thor Industries makes up approx 0.79% of Royce Associates Lp’s portfolio.

Thor Industries opened for trading at $80.93 and hit $81.55 on the upside on Monday, eventually ending the session at $81.49, with a gain of 1.56% or 1.25 points. The heightened volatility saw the trading volume jump to 5,14,765 shares. Company has a market cap of $4,277 M.

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. Wunderlich Downgraded Thor Industries on Aug 19, 2016 to ” Hold”, Price Target of the shares are set at $80.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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