Independent Portfolio Consultants Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Independent Portfolio Consultants reduced its stake in Thor Industries by 9.44% during the most recent quarter end. The investment management company now holds a total of 19,044 shares of Thor Industries which is valued at $1,634,737 after selling 1,985 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Thor Industries makes up approximately 0.51% of Independent Portfolio Consultants’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in THO by selling 12,017 shares or 66.23% in the most recent quarter. The Hedge Fund company now holds 6,127 shares of THO which is valued at $525,942.Eqis Capital Management boosted its stake in THO in the latest quarter, The investment management firm added 3,518 additional shares and now holds a total of 12,122 shares of Thor Industries which is valued at $1,040,552. Thor Industries makes up approx 0.07% of Eqis Capital Management’s portfolio.

Thor Industries closed down -0.07 points or -0.08% at $85.78 with 8,47,357 shares getting traded on Tuesday. Post opening the session at $86.16, the shares hit an intraday low of $85.2425 and an intraday high of $86.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Thor Industries reported $1.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Sep 26, 2016. Analyst had a consensus of $1.33. The company had revenue of $1292.60 million for the quarter, compared to analysts expectations of $1265.22 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

Many Wall Street Analysts have commented on Thor Industries. Thor Industries was Upgraded by Wellington Shields to ” Buy” on Sep 28, 2016. Thor Industries was Upgraded by Northcoast to ” Buy” on Sep 13, 2016. Wunderlich Downgraded Thor Industries on Aug 19, 2016 to ” Hold”, Price Target of the shares are set at $80.

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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