Crawford Lake Capital Management LLC acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,400 shares of the construction company’s stock, valued at approximately $1,296,000.
Several other large investors also recently added to or reduced their stakes in THO. Huntington National Bank boosted its stake in shares of Thor Industries by 82.0% during the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Thor Industries during the second quarter valued at approximately $104,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Thor Industries during the second quarter valued at approximately $105,000. Fiduciary Trust Co. purchased a new stake in shares of Thor Industries during the second quarter valued at approximately $133,000. Finally, Sandy Spring Bank boosted its stake in shares of Thor Industries by 21.0% during the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after purchasing an additional 290 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on THO shares. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. Off Wall Street started coverage on Thor Industries in a research note on Thursday, June 29th. They set a “sell” rating and a $75.00 price objective for the company. BidaskClub lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $109.67.
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Shares of Thor Industries, Inc. (NYSE THO) traded down 0.12% during mid-day trading on Tuesday, reaching $109.70. The company had a trading volume of 123,852 shares. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $115.74. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 17.12 and a beta of 1.38. The firm has a 50-day moving average price of $105.82 and a 200-day moving average price of $100.84.
In related news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the completion of the transaction, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by insiders.
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.
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