5 Stocks to Buy Now According to Jeffrey Gendell’s Tontine Asset Management

3. Thor Industries, Inc. (NYSE: THO)

Gendell’s Stake Value: $46,844,000
Percentage of Jeffrey Gendell’s 13F Portfolio: 4.15%
Number of Hedge Fund Holders: 26

Thor Industries, Inc. (NYSE: THO) develops, produces, and distributes recreational vehicles (RVs) and related components and accessories. The company was incorporated in 1980 and is placed third on the list of 10 stocks to buy now according to Jeffrey Gendell’s Tontine Asset Management. Shares of Thor Industries, Inc. (NYSE: THO) surged 16.66% in the past 12 months.

On July 1, Raymond James analyst Joseph Altobello initiated coverage on Thor Industries, Inc. (NYSE: THO) with an “Underperform” rating. The analyst feels Thor’s present valuation does not sufficiently compensate for risks, despite trading at a premium to competitor Winnebago (WGO). On June 18, Thor Industries, Inc. (NYSE: THO) declared a quarterly dividend of $0.41 per share, in line with the previous.

Tontine Asset Management holds 414,547 shares in Thor Industries, Inc. (NYSE: THO) worth $46.84 million, representing 4.15% of their portfolio. Thor Industries, Inc. (NYSE: THO) is the latest addition to Jeffrey Gendell’s portfolio. Harris Associates is a leading shareholder in Thor Industries, Inc. (NYSE: THO), with 1.93 million shares worth $217.78 million.