Thor Industries Sees Unusually Large Options Volume (NYSE:THO)

Thor Industries, Inc. (NYSE:THO) was the target of some unusual options trading on Tuesday. Investors purchased 7,695 put options on the company. Thisisanincreaseofapproximately901% compared to the average volume of 769 put options.

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $85.40 per share, with a total value of $256,200.00. Following the transaction, the director owned 136,400 shares in the company, valued at $11,648,560. This represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Thor Industries

Institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Thor Industries by 2,463.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the construction company’s stock valued at $25,000 after purchasing an additional 271 shares during the period. Country Trust Bank raised its holdings in Thor Industries by 50.0% in the 2nd quarter. Country Trust Bank now owns 300 shares of the construction company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Curio Wealth LLC raised its holdings in Thor Industries by 33,300.0% in the 2nd quarter. Curio Wealth LLC now owns 334 shares of the construction company’s stock valued at $30,000 after acquiring an additional 333 shares in the last quarter. MAI Capital Management raised its holdings in Thor Industries by 174.8% in the 2nd quarter. MAI Capital Management now owns 371 shares of the construction company’s stock valued at $33,000 after acquiring an additional 236 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Thor Industries by 135.6% in the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock valued at $37,000 after acquiring an additional 278 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Stock Performance

THO opened at $107.4270 on Wednesday. The business has a fifty day simple moving average of $93.02 and a 200 day simple moving average of $86.46. The company has a market capitalization of $5.72 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.13 and a beta of 1.21. Thor Industries has a 1 year low of $63.15 and a 1 year high of $118.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 EPS. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. Research analysts expect that Thor Industries will post 4.64 EPS for the current year.

Thor Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.50 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.9%. Thor Industries’s payout ratio is 47.96%.

Thor Industries announced that its board has initiated a stock buyback plan on Monday, June 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the construction company to purchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on THO. KeyCorp upgraded Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Roth Capital set a $77.00 price target on Thor Industries and gave the company a “neutral” rating in a research note on Monday, June 9th. Truist Financial raised their price target on Thor Industries from $72.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. Wall Street Zen upgraded Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Finally, Citigroup restated a “neutral” rating and issued a $100.00 price target (up from $88.00) on shares of Thor Industries in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Thor Industries presently has an average rating of “Hold” and an average target price of $89.38.

Thor Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.