Origin Asset Management Llp buys $20,020,222 stake in Thor Industries (THO)

Thor Industries (THO) : Origin Asset Management Llp scooped up 56,100 additional shares in Thor Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 236,450 shares of Thor Industries which is valued at $20,020,222.Thor Industries makes up approximately 1.31% of Origin Asset Management Llp’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in THO by selling 34,907 shares or 67.78% in the most recent quarter. The Hedge Fund company now holds 16,596 shares of THO which is valued at $1,370,332.Sg Americas Securities reduced its stake in THO by selling 11,051 shares or 68.55% in the most recent quarter. The Hedge Fund company now holds 5,069 shares of THO which is valued at $388,437. Albion Financial Group Ut added THO to its portfolio by purchasing 94,637 company shares during the most recent quarter which is valued at $7,053,296. Thor Industries makes up approx 1.23% of Albion Financial Group Ut’s portfolio.Seabridge Investment Advisors reduced its stake in THO by selling 59,617 shares or 53.52% in the most recent quarter. The Hedge Fund company now holds 51,782 shares of THO which is valued at $4,108,384. Thor Industries makes up approx 0.99% of Seabridge Investment Advisors’s portfolio.

Thor Industries closed down -1.1 points or -1.26% at $86.51 with 5,31,856 shares getting traded on Monday. Post opening the session at $87.75, the shares hit an intraday low of $86.49 and an intraday high of $87.85 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 $1.57 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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