Wescap Management Group Lowers stake in Thor Industries (THO)

Thor Industries (THO) : Wescap Management Group reduced its stake in Thor Industries by 1.49% during the most recent quarter end. The investment management company now holds a total of 28,883 shares of Thor Industries which is valued at $2,445,524 after selling 437 shares in Thor Industries , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Thor Industries makes up approximately 1.27% of Wescap Management Group’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc reduced its stake in THO by selling 39,288 shares or 50.65% in the most recent quarter. The Hedge Fund company now holds 38,276 shares of THO which is valued at $3,240,829. Thor Industries makes up approx 0.15% of Clinton Group Inc’s portfolio.Vident Investment Advisory reduced its stake in THO by selling 9,947 shares or 24.4% in the most recent quarter. The Hedge Fund company now holds 30,819 shares of THO which is valued at $2,444,255. Thor Industries makes up approx 0.33% of Vident Investment Advisory’s portfolio.Blackrock Japan Ltd reduced its stake in THO by selling 1,042 shares or 24.71% in the most recent quarter. The Hedge Fund company now holds 3,175 shares of THO which is valued at $243,300.Retirement Systems Of Alabama boosted its stake in THO in the latest quarter, The investment management firm added 83,645 additional shares and now holds a total of 142,545 shares of Thor Industries which is valued at $10,722,235. Thor Industries makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio.Boston Family Office reduced its stake in THO by selling 9,133 shares or 20.05% in the most recent quarter. The Hedge Fund company now holds 36,420 shares of THO which is valued at $2,714,383. Thor Industries makes up approx 0.37% of Boston Family Office’s portfolio.

Thor Industries closed down -1.1 points or -1.26% at $86.51 with 5,31,856 shares getting traded on Monday. Post opening the session at $87.75, the shares hit an intraday low of $86.49 and an intraday high of $87.85 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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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