Southernsun Asset Management Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Southernsun Asset Management reduced its stake in Thor Industries by 1.63% during the most recent quarter end. The investment management company now holds a total of 2,650,454 shares of Thor Industries which is valued at $206,549,880 after selling 43,879 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Thor Industries makes up approximately 5.10% of Southernsun Asset Management’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc boosted its stake in THO in the latest quarter, The investment management firm added 70,632 additional shares and now holds a total of 77,564 shares of Thor Industries which is valued at $6,044,563. Thor Industries makes up approx 0.25% of Clinton Group Inc’s portfolio.Credit Suisse Ag boosted its stake in THO in the latest quarter, The investment management firm added 18,133 additional shares and now holds a total of 84,502 shares of Thor Industries which is valued at $6,585,241. Thor Industries makes up approx 0.01% of Credit Suisse Ag’s portfolio.Sandy Spring Bank boosted its stake in THO in the latest quarter, The investment management firm added 1,135 additional shares and now holds a total of 1,335 shares of Thor Industries which is valued at $102,555. Thor Industries makes up approx 0.01% of Sandy Spring Bank’s portfolio.Boston Partners reduced its stake in THO by selling 361,985 shares or 19.36% in the most recent quarter. The Hedge Fund company now holds 1,507,438 shares of THO which is valued at $115,952,131. Thor Industries makes up approx 0.16% of Boston Partners’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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