Thor Industries, Inc. (THO) Shares Bought by Morse Asset Management Inc

Morse Asset Management Inc raised its position in Thor Industries, Inc. (NYSE:THO) by 164.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,835 shares of the construction company’s stock after buying an additional 13,585 shares during the period. Morse Asset Management Inc’s holdings in Thor Industries were worth $2,282,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its position in shares of Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new position in shares of Thor Industries during the first quarter worth approximately $154,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock worth $156,000 after buying an additional 682 shares during the last quarter. Sandy Spring Bank boosted its position in shares of Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock worth $161,000 after buying an additional 290 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Thor Industries during the second quarter worth approximately $201,000. Institutional investors own 89.62% of the company’s stock.

Thor Industries, Inc. (NYSE THO) traded up 0.14% during midday trading on Friday, hitting $102.73. The company had a trading volume of 327,918 shares. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $115.74. The stock has a market cap of $5.40 billion, a PE ratio of 16.03 and a beta of 1.40. The stock’s 50-day moving average price is $104.58 and its 200-day moving average price is $101.09.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.24. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. Thor Industries’s revenue was up 56.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.51 EPS. On average, equities research analysts expect that Thor Industries, Inc. will post $6.77 EPS for the current fiscal year.

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A number of equities analysts have commented on the company. BidaskClub raised Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research cut Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Citigroup Inc. reissued a “buy” rating and set a $118.00 target price (up previously from $111.00) on shares of Thor Industries in a report on Friday, June 9th. Sidoti assumed coverage on Thor Industries in a report on Friday, August 11th. They set a “buy” rating and a $133.00 target price for the company. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $109.22.

In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $103.19, for a total value of $103,190.00. Following the completion of the transaction, the director now directly owns 5,988 shares in the company, valued at approximately $617,901.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.

Thor Industries Company Profile

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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