Public Employees Retirement System of Ohio Sells 1,025 Shares of Thor Industries, Inc. $THO

Public Employees Retirement System of Ohio decreased its holdings in Thor Industries, Inc. (NYSE:THO) by 6.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,805 shares of the RV manufacturer’s stock after selling 1,025 shares during the period. Public Employees Retirement System of Ohio’s holdings in Thor Industries were worth $1,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the RV manufacturer’s stock worth $37,000 after buying an additional 278 shares in the last quarter. Parallel Advisors LLC raised its stake in Thor Industries by 198.3% in the second quarter. Parallel Advisors LLC now owns 516 shares of the RV manufacturer’s stock worth $46,000 after buying an additional 343 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Thor Industries by 336.1% in the first quarter. Smartleaf Asset Management LLC now owns 785 shares of the RV manufacturer’s stock worth $61,000 after buying an additional 605 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Thor Industries by 96.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the RV manufacturer’s stock worth $61,000 after buying an additional 395 shares in the last quarter. Finally, eCIO Inc. bought a new position in Thor Industries in the first quarter worth approximately $62,000. Institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on THO shares. Roth Capital set a $93.00 price objective on shares of Thor Industries and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Robert W. Baird upped their price target on Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research report on Saturday, September 27th. DA Davidson upped their price target on Thor Industries from $78.00 to $102.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.25.

Thor Industries Price Performance

Shares of THO opened at $109.06 on Friday. The firm has a market capitalization of $5.74 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The company’s fifty day moving average price is $104.30 and its 200-day moving average price is $89.38.

Thor Industries announced that its Board of Directors has authorized a share repurchase plan on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the RV manufacturer to purchase up to 8.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.