Triad Investment Mgmt. Hikes Stake in THOR Industries

Triad Investment Management, a New Jersey-based investment firm, recently increased its stake in THOR Industries, Inc. by 7.5% during the fourth quarter of last year, according to a report by BestStocks.com. This move comes as part of the company’s ongoing efforts to diversify its investment portfolio and capitalize on emerging opportunities within the construction industry.

According to its most recent 13F filing with the SEC, Triad now owns 28,560 shares of THOR Industries’ stock – an increase of 1,994 shares from the previous quarter. THOR Industries is one of Triad’s top holdings, making up approximately 3.4% of its overall investment portfolio and ranking as its 11th biggest position.

In terms of THOR Industries’ business operations, it specializes in the manufacture and sale of recreational vehicles across North America and Europe. The company operates through three distinct segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles and European Recreational Vehicles.

Despite market fluctuations over the past year due to global economic uncertainty caused by COVID-19, THOR Industries has maintained a steady presence in the market – with shares opening at $76.16 on Friday (April 7) and market capitalization currently sitting at $4.08 billion.

Read the full report by BestStocks.com.

Source: https://rvbusiness.com/triad-investment-mgmt-hikes-stake-in-thor-industries/