Fintel reports that Royal London Asset Management has filed a 13D form with the SEC disclosing ownership of 2.69MM shares of Thor Industries, Inc. (THO). This represents 5.020283% of the company.
In their previous filing dated February 9, 2023 they reported 2.66MM shares and 4.97% of the company, an increase in shares of 1.07% and an increase in total ownership of 0.05% (calculated as current – previous percent ownership).
Analyst Price Forecast Suggests 11.11% Upside
As of March 26, 2023, the average one-year price target for Thor Industries is $84.46. The forecasts range from a low of $50.50 to a high of $106.05. The average price target represents an increase of 11.11% from its latest reported closing price of $76.01.
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The projected annual revenue for Thor Industries is $11,922MM, a decrease of 14.44%. The projected annual non-GAAP EPS is $7.90.
What is the Fund Sentiment?
There are 844 funds or institutions reporting positions in Thor Industries. This is a decrease of 4 owner(s) or 0.47% in the last quarter. Average portfolio weight of all funds dedicated to THO is 0.24%, an increase of 3.90%. Total shares owned by institutions increased in the last three months by 1.32% to 66,589K shares. The put/call ratio of THO is 1.19, indicating a bearish outlook.
What are Large Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 5,121K shares representing 9.57% ownership of the company. In it’s prior filing, the firm reported owning 5,286K shares, representing a decrease of 3.21%. The firm decreased its portfolio allocation in THO by 41.83% over the last quarter.
Harris Associates L P holds 2,861K shares representing 5.35% ownership of the company. In it’s prior filing, the firm reported owning 3,064K shares, representing a decrease of 7.09%. The firm decreased its portfolio allocation in THO by 5.21% over the last quarter.
Capital Research Global Investors holds 2,526K shares representing 4.72% ownership of the company. In it’s prior filing, the firm reported owning 2,584K shares, representing a decrease of 2.30%. The firm decreased its portfolio allocation in THO by 2.99% over the last quarter.
SMCWX – SMALLCAP WORLD FUND INC holds 2,156K shares representing 4.03% ownership of the company. In it’s prior filing, the firm reported owning 2,214K shares, representing a decrease of 2.69%. The firm decreased its portfolio allocation in THO by 1.82% over the last quarter.
Lsv Asset Management holds 2,045K shares representing 3.82% ownership of the company. In it’s prior filing, the firm reported owning 1,389K shares, representing an increase of 32.07%. The firm increased its portfolio allocation in THO by 49.06% over the last quarter.
Thor Industries Background Information
(This description is provided by the company.)
THOR is the sole owner of operating subsidiaries that, combined, represent the world’s largest manufacturer of recreational vehicles.
This article originally appeared on Fintel
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