Capital Growth Management LP Buys Shares of 450,000 Thor Industries, Inc. (THO)

Capital Growth Management LP bought a new stake in Thor Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 450,000 shares of the construction company’s stock, valued at approximately $47,034,000. Thor Industries accounts for about 2.2% of Capital Growth Management LP’s investment portfolio, making the stock its 16th biggest holding. Capital Growth Management LP owned approximately 0.86% of Thor Industries as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Thor Industries by 8.7% in the 2nd quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after purchasing an additional 329,996 shares during the period. Vanguard Group Inc. raised its holdings in shares of Thor Industries by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after purchasing an additional 214,042 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Thor Industries by 7.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,324,845 shares of the construction company’s stock valued at $138,473,000 after purchasing an additional 90,713 shares during the period. State Street Corp raised its holdings in shares of Thor Industries by 5.0% in the 1st quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after purchasing an additional 62,855 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Thor Industries by 217.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,173,336 shares of the construction company’s stock valued at $112,792,000 after purchasing an additional 803,868 shares during the period. 89.48% of the stock is currently owned by institutional investors.

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In other Thor Industries news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, the director now owns 4,988 shares of the company’s stock, valued at $545,936.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

A number of brokerages have recently issued reports on THO. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 target price on shares of Thor Industries in a report on Friday, September 1st. Zacks Investment Research cut shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a report on Friday, September 8th. Sidoti began coverage on shares of Thor Industries in a report on Friday, August 11th. They issued a “buy” rating and a $133.00 target price on the stock. Finally, Off Wall Street began coverage on shares of Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $110.89.

Shares of Thor Industries, Inc. (NYSE:THO) traded down 0.20% on Tuesday, reaching $113.75. 94,667 shares of the company were exchanged. Thor Industries, Inc. has a 12-month low of $74.00 and a 12-month high of $115.80. The firm has a market capitalization of $5.98 billion, a PE ratio of 17.75 and a beta of 1.38. The company’s 50 day moving average is $106.84 and its 200 day moving average is $100.92.

About Thor Industries

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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