Van Berkom Associates Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Van Berkom Associates reduced its stake in Thor Industries by 10.35% during the most recent quarter end. The investment management company now holds a total of 776,383 shares of Thor Industries which is valued at $57,537,744 after selling 89,679 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Thor Industries makes up approximately 2.51% of Van Berkom Associates’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in THO by selling 4,525 shares or 17.71% in the most recent quarter. The Hedge Fund company now holds 21,029 shares of THO which is valued at $1,555,515. Thor Industries makes up approx 0.47% of Independent Portfolio Consultants’s portfolio.First Manhattan Co reduced its stake in THO by selling 200 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 18,850 shares of THO which is valued at $1,394,335. Thor Industries makes up approx 0.01% of First Manhattan Co’s portfolio.

Thor Industries opened for trading at $73.68 and hit $74 on the upside on Wednesday, eventually ending the session at $73.88, with a gain of 0.33% or 0.24 points. The heightened volatility saw the trading volume jump to 3,76,529 shares. Company has a market cap of $3,877 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. 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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