TD Private Client Wealth LLC Has $1.11 Million Stake in Thor Industries, Inc. $THO

TD Private Client Wealth LLC lowered its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,500 shares of the RV manufacturer’s stock after selling 707 shares during the period. TD Private Client Wealth LLC’s holdings in Thor Industries were worth $1,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in Thor Industries by 135.6% during the first quarter. UMB Bank n.a. now owns 483 shares of the RV manufacturer’s stock valued at $37,000 after purchasing an additional 278 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Thor Industries by 198.3% during the 2nd quarter. Parallel Advisors LLC now owns 516 shares of the RV manufacturer’s stock worth $46,000 after buying an additional 343 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Thor Industries by 96.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the RV manufacturer’s stock valued at $61,000 after buying an additional 395 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Thor Industries by 336.1% during the first quarter. Smartleaf Asset Management LLC now owns 785 shares of the RV manufacturer’s stock worth $61,000 after acquiring an additional 605 shares in the last quarter. Finally, eCIO Inc. bought a new position in shares of Thor Industries during the first quarter valued at $62,000. Institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Up 0.5%

NYSE:THO opened at $106.32 on Friday. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85. The stock has a 50-day moving average price of $103.17 and a two-hundred day moving average price of $88.45. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.27 and a beta of 1.34. The company has a current ratio of 1.75, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21.

Thor Industries declared that its board has authorized a share repurchase plan on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the RV manufacturer to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America increased their target price on shares of Thor Industries from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Wall Street Zen upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. BMO Capital Markets increased their target price on Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. KeyCorp raised shares of Thor Industries from an “underweight” rating to a “sector weight” rating in a report on Friday, August 1st. Finally, Roth Capital set a $93.00 target price on shares of Thor Industries and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $102.50.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.