Knightsbridge Asset Management Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Knightsbridge Asset Management reduced its stake in Thor Industries by 29.08% during the most recent quarter end. The investment management company now holds a total of 113,420 shares of Thor Industries which is valued at $8,838,821 after selling 46,500 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Thor Industries makes up approximately 7.62% of Knightsbridge Asset Management’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management boosted its stake in THO in the latest quarter, The investment management firm added 2,586 additional shares and now holds a total of 7,902 shares of Thor Industries which is valued at $615,803. Thor Industries makes up approx 0.01% of First Republic Investment Management’s portfolio.Sheaff Brock Investment Advisors reduced its stake in THO by selling 927 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 18,169 shares of THO which is valued at $1,397,559. Thor Industries makes up approx 0.17% of Sheaff Brock Investment Advisors’s portfolio.California Public Employees Retirement System reduced its stake in THO by selling 3,900 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 141,400 shares of THO which is valued at $10,711,050. Thor Industries makes up approx 0.02% of California Public Employees Retirement System’s portfolio.

Thor Industries closed down -0.08 points or -0.10% at $81.07 with 4,38,235 shares getting traded on Thursday. Post opening the session at $81.25, the shares hit an intraday low of $80.8 and an intraday high of $82.01 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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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