Scout Investments Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Scout Investments reduced its stake in Thor Industries by 8.57% during the most recent quarter end. The investment management company now holds a total of 714,495 shares of Thor Industries which is valued at $45,999,188 after selling 66,952 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on May 3, 2016.Thor Industries makes up approximately 1.25% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Globeflex Capital L P boosted its stake in THO in the latest quarter, The investment management firm added 1,253 additional shares and now holds a total of 26,693 shares of Thor Industries which is valued at $1,718,495. Thor Industries makes up approx 0.47% of Globeflex Capital L P’s portfolio. Clarkston Capital Partners sold out all of its stake in THO during the most recent quarter. The investment firm sold 14,864 shares of THO which is valued $956,944. Quantbot Technologies Lp sold out all of its stake in THO during the most recent quarter. The investment firm sold 963 shares of THO which is valued $61,651.Metlife Securities Inc boosted its stake in THO in the latest quarter, The investment management firm added 407 additional shares and now holds a total of 896 shares of Thor Industries which is valued at $56,600. Fox Run Management L.l.c. added THO to its portfolio by purchasing 7,800 company shares during the most recent quarter which is valued at $492,726. Thor Industries makes up approx 0.32% of Fox Run Management L.l.c.’s portfolio.

Thor Industries opened for trading at $65.74 and hit $66.22 on the upside on Tuesday, eventually ending the session at $65.45, with a gain of 0.23% or 0.15 points. The heightened volatility saw the trading volume jump to 6,67,867 shares. Company has a market cap of $3,435 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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