March 5, 2021

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Travel Finishes First

Thor Industries Target of Unusually Large Options Trading (NYSE:THO)

5 min read

Thor Industries, Inc. (NYSE:THO) was the target of unusually large options trading activity on Thursday. Stock investors purchased 13,361 call options on the company. This represents an increase of 848% compared to the average volume of 1,409 call options.

A number of research firms have recently weighed in on THO. Wedbush assumed coverage on shares of Thor Industries in a research note on Tuesday, December 1st. They set a “neutral” rating and a $107.00 price target on the stock. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research report on Tuesday, December 1st. Finally, BMO Capital Markets lifted their price target on shares of Thor Industries from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, December 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Thor Industries currently has a consensus rating of “Buy” and an average target price of $105.00.

Shares of THO opened at $121.55 on Friday. Thor Industries has a 12-month low of $32.30 and a 12-month high of $132.12. The stock has a market cap of $6.73 billion, a P/E ratio of 23.65 and a beta of 2.42. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $100.69 and a two-hundred day moving average of $98.96.

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Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, December 7th. The construction company reported $2.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.59. Thor Industries had a net margin of 3.34% and a return on equity of 13.15%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the company posted $1.50 EPS. The company’s revenue was up 17.5% on a year-over-year basis. As a group, analysts forecast that Thor Industries will post 7.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 18th. Investors of record on Monday, January 4th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, December 31st. Thor Industries’s dividend payout ratio is presently 34.60%.

In other news, Director J Allen Kosowsky sold 5,197 shares of the firm’s stock in a transaction that occurred on Thursday, January 14th. The stock was sold at an average price of $102.90, for a total value of $534,771.30. Following the completion of the sale, the director now directly owns 12,023 shares of the company’s stock, valued at approximately $1,237,166.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP W. Todd Woelfer sold 5,000 shares of Thor Industries stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $112.50, for a total value of $562,500.00. Following the completion of the sale, the vice president now owns 50,392 shares in the company, valued at $5,669,100. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,197 shares of company stock worth $1,307,271. Company insiders own 4.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in THO. AQR Capital Management LLC boosted its stake in shares of Thor Industries by 1,565.1% during the 3rd quarter. AQR Capital Management LLC now owns 414,280 shares of the construction company’s stock worth $39,464,000 after purchasing an additional 389,400 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Thor Industries during the third quarter worth approximately $27,776,000. Ardevora Asset Management LLP boosted its position in Thor Industries by 35.3% during the fourth quarter. Ardevora Asset Management LLP now owns 619,661 shares of the construction company’s stock worth $57,622,000 after acquiring an additional 161,713 shares during the last quarter. Polaris Wealth Advisory Group LLC purchased a new stake in Thor Industries in the 3rd quarter worth approximately $15,848,000. Finally, Summit Partners Public Asset Management LLC acquired a new position in Thor Industries in the 3rd quarter valued at $10,754,000. Institutional investors own 93.13% of the company’s stock.

About Thor Industries

Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

Further Reading: Discount Rate

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