Royce Associates Lp Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Royce Associates Lp reduced its stake in Thor Industries by 27.29% during the most recent quarter end. The investment management company now holds a total of 1,835,544 shares of Thor Industries which is valued at $117.6 Million after selling 688,887 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on May 11, 2016.Thor Industries makes up approximately 0.76% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp reduced its stake in THO by selling 15,795 shares or 41.0% in the most recent quarter. The Hedge Fund company now holds 22,730 shares of THO which is valued at $1.5 Million. Thor Industries makes up approx 0.09% of Gsa Capital Partners Llp’s portfolio.Utah Retirement Systems boosted its stake in THO in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 8,205 shares of Thor Industries which is valued at $525,530. Thor Industries makes up approx 0.01% of Utah Retirement Systems’s portfolio. Airain Ltd sold out all of its stake in THO during the most recent quarter. The investment firm sold 17,941 shares of THO which is valued $1.1 Million.Aperio Group reduced its stake in THO by selling 8,441 shares or 8.3% in the most recent quarter. The Hedge Fund company now holds 93,276 shares of THO which is valued at $6 Million. Thor Industries makes up approx 0.05% of Aperio Group’s portfolio.

Thor Industries opened for trading at $64.05 and hit $65.28 on the upside on Monday, eventually ending the session at $65.21, with a gain of 1.81% or 1.16 points. The heightened volatility saw the trading volume jump to 4,94,490 shares. Company has a market cap of $3,422 M.

On the company’s financial health, Thor Industries reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $0.62. The company had revenue of $975.07 million for the quarter, compared to analysts expectations of $916.94 million. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

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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