Royce Associates Lp Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Royce Associates Lp reduced its stake in Thor Industries by 11.65% during the most recent quarter end. The investment management company now holds a total of 1,621,659 shares of Thor Industries which is valued at $126,586,702 after selling 213,885 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Thor Industries makes up approximately 0.79% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Hm Payson Co boosted its stake in THO in the latest quarter, The investment management firm added 28,334 additional shares and now holds a total of 139,308 shares of Thor Industries which is valued at $10,874,382. Thor Industries makes up approx 0.52% of Hm Payson Co’s portfolio.Hosking Partners Llp boosted its stake in THO in the latest quarter, The investment management firm added 3,885 additional shares and now holds a total of 29,700 shares of Thor Industries which is valued at $2,249,775. Thor Industries makes up approx 0.09% of Hosking Partners Llp’s portfolio. Quantbot Technologies Lp added THO to its portfolio by purchasing 4,849 company shares during the most recent quarter which is valued at $367,312. Thor Industries makes up approx 0.04% of Quantbot Technologies Lp’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.

Thor Industries opened for trading at $78 and hit $78.82 on the upside on Monday, eventually ending the session at $78.72, with a gain of 1.01% or 0.79 points. The heightened volatility saw the trading volume jump to 2,97,891 shares. Company has a market cap of $4,131 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. 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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