Cim buys $909,889 stake in Thor Industries (THO)

Thor Industries (THO) : Cim scooped up 3,449 additional shares in Thor Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 10,989 shares of Thor Industries which is valued at $909,889.Thor Industries makes up approximately 0.43% of Cim’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc reduced its stake in THO by selling 668 shares or 9.63% in the most recent quarter. The Hedge Fund company now holds 6,272 shares of THO which is valued at $519,322. Thor Industries makes up approx 0.11% of Howe Rusling Inc’s portfolio. Callahan Advisors added THO to its portfolio by purchasing 20,140 company shares during the most recent quarter which is valued at $1,667,592. Thor Industries makes up approx 0.42% of Callahan Advisors’s portfolio.Msi Financial Services Inc reduced its stake in THO by selling 200 shares or 38.02% in the most recent quarter. The Hedge Fund company now holds 326 shares of THO which is valued at $27,143.Weaver C. Barksdale Associates reduced its stake in THO by selling 22 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 266 shares of THO which is valued at $22,246. Thor Industries makes up approx 0.04% of Weaver C. Barksdale Associates’s portfolio.

Thor Industries closed down -0.46 points or -0.55% at $82.8 with 3,89,514 shares getting traded on Friday. Post opening the session at $83.78, the shares hit an intraday low of $82.68 and an intraday high of $84.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Thor Industries reported $1.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Sep 26, 2016. Analyst had a consensus of $1.33. The company had revenue of $1292.60 million for the quarter, compared to analysts expectations of $1265.22 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

Investors should note that on Oct 10, 2016, Thor Industries announced a cash dividend of $0.3300. The company’s management has announced Oct 20, 2016 as the ex-dividend date and fixed the record date on Oct 24, 2016. The payable date has been fixed on Nov 7, 2016.

Many Wall Street Analysts have commented on Thor Industries. Thor Industries was Upgraded by Wellington Shields to ” Buy” on Sep 28, 2016. Thor Industries was Upgraded by Northcoast to ” Buy” on Sep 13, 2016. Wunderlich Downgraded Thor Industries on Aug 19, 2016 to ” Hold”, Price Target of the shares are set at $80.

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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