GAMMA Investing LLC Purchases 548 Shares of Thor Industries, Inc. $THO

GAMMA Investing LLC raised its stake in shares of Thor Industries, Inc. (NYSE:THO) by 75.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,273 shares of the RV manufacturer’s stock after buying an additional 548 shares during the quarter. GAMMA Investing LLC’s holdings in Thor Industries were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of THO. Two Sigma Advisers LP acquired a new stake in shares of Thor Industries in the 4th quarter valued at approximately $421,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Thor Industries by 34.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,141 shares of the RV manufacturer’s stock worth $492,000 after purchasing an additional 1,328 shares during the period. NBC Securities Inc. boosted its stake in Thor Industries by 135,500.0% in the first quarter. NBC Securities Inc. now owns 2,712 shares of the RV manufacturer’s stock valued at $205,000 after buying an additional 2,710 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in shares of Thor Industries by 16.2% during the first quarter. Salvus Wealth Management LLC now owns 49,005 shares of the RV manufacturer’s stock valued at $3,715,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of Thor Industries by 6.3% during the first quarter. Reinhart Partners LLC. now owns 382,754 shares of the RV manufacturer’s stock valued at $29,017,000 after purchasing an additional 22,612 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on THO shares. BMO Capital Markets lifted their price objective on Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Truist Financial boosted their price objective on Thor Industries from $86.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Robert W. Baird upped their price target on Thor Industries from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Citigroup increased their price objective on Thor Industries from $112.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, KeyCorp upgraded Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Thor Industries has a consensus rating of “Hold” and a consensus price target of $105.25.

Thor Industries Stock Performance

Shares of THO opened at $104.01 on Thursday. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $118.85. The company’s fifty day moving average is $103.79 and its 200-day moving average is $88.98. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35.

Thor Industries declared that its board has approved a share repurchase program on Monday, June 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the RV manufacturer to repurchase up to 8.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About Thor Industries

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.