Tradelink Capital buys $390,037 stake in Thor Industries (THO)

Thor Industries (THO) : Tradelink Capital scooped up 1,922 additional shares in Thor Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 5,149 shares of Thor Industries which is valued at $390,037.Thor Industries makes up approximately 1.81% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Alps Advisors Inc reduced its stake in THO by selling 480 shares or 6.81% in the most recent quarter. The Hedge Fund company now holds 6,568 shares of THO which is valued at $493,388.Acadian Asset Management reduced its stake in THO by selling 2,317 shares or 96.58% in the most recent quarter. The Hedge Fund company now holds 82 shares of THO which is valued at $6,058. First Quadrant L Pca added THO to its portfolio by purchasing 53,800 company shares during the most recent quarter which is valued at $3,974,744. Thor Industries makes up approx 0.08% of First Quadrant L Pca’s portfolio.Creative Planning boosted its stake in THO in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 652 shares of Thor Industries which is valued at $47,479.

Thor Industries opened for trading at $75.82 and hit $77.3 on the upside on Thursday, eventually ending the session at $77.14, with a gain of 1.83% or 1.39 points. The heightened volatility saw the trading volume jump to 6,21,505 shares. Company has a market cap of $4,049 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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