Scout Investments buys $69,624,758 stake in Thor Industries (THO)

Thor Industries (THO) : Scout Investments scooped up 177,444 additional shares in Thor Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 891,939 shares of Thor Industries which is valued at $69,624,758.Thor Industries makes up approximately 1.85% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Hanseatic Management Services Inc added THO to its portfolio by purchasing 403 company shares during the most recent quarter which is valued at $30,999. Thor Industries makes up approx 0.01% of Hanseatic Management Services Inc’s portfolio.Sfe Investment Counsel reduced its stake in THO by selling 11,936 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 93,975 shares of THO which is valued at $7,118,606. Thor Industries makes up approx 3.19% of Sfe Investment Counsel’s portfolio. Kirr Marbach Co In sold out all of its stake in THO during the most recent quarter. The investment firm sold 4,000 shares of THO which is valued $300,480.

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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