Today: The First Mercantile Trust Co. Sold shares of Thor Industries Inc. (THO)

The First Mercantile Trust Co. Sold shares of Thor Industries Inc. (THO)

First Mercantile Trust Co. reduced its stake in shares of Thor Industries Inc. (NYSE:THO) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,600 shares of the company’s stock after selling 100 shares during the period. First Mercantile Trust Co.’s holdings in Thor Industries were worth $104,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Thor Industries during the first quarter valued at approximately $2,200,000. Motley Fool Wealth Management LLC increased its stake in shares of Thor Industries by 10.3% in the first quarter. Motley Fool Wealth Management LLC now owns 71,787 shares of the company’s stock valued at $4,578,000 after buying an additional 6,679 shares during the period. Investec Asset Management North America Inc. purchased a new stake in shares of Thor Industries during the first quarter valued at approximately $6,911,000. Investec Asset Management LTD purchased a new stake in shares of Thor Industries during the first quarter valued at approximately $117,584,000. Finally, M&T Bank Corp increased its stake in shares of Thor Industries by 6.6% in the first quarter. M&T Bank Corp now owns 3,897 shares of the company’s stock valued at $249,000 after buying an additional 242 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.

Thor Industries Inc. (NYSE:THO) opened at 84.85 on Friday. Thor Industries Inc. has a 52 week low of $47.56 and a 52 week high of $87.08. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 17.38 and a beta of 1.26. The stock’s 50 day moving average is $81.75 and its 200 day moving average is $70.93.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, September 26th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.24. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The business had revenue of $1.29 billion for the quarter. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. Equities research analysts expect that Thor Industries Inc. will post $5.89 EPS for the current year.

Several brokerages recently commented on THO. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Thursday. Great Lakes Dredge & Dock Corp. upgraded shares of Thor Industries to a “buy” rating in a research note on Wednesday, September 28th. Wellington Shields upgraded shares of Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday, September 28th. BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a research note on Wednesday, September 28th. Finally, Wunderlich lowered shares of Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Friday, August 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Thor Industries presently has an average rating of “Buy” and a consensus price target of $79.00.

In related news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total transaction of $400,343.68. Following the transaction, the chairman now owns 1,400,252 shares of the company’s stock, valued at approximately $119,987,593.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.80% of the company’s stock.

About Thor Industries

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.

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