Traders Buy High Volume of Thor Industries Put Options (THO)

Thor Industries, Inc. (NYSE:THO) saw unusually large options trading activity on Tuesday. Stock investors acquired 4,941 put options on the stock. This is an increase of 938% compared to the typical volume of 476 put options.

Shares of Thor Industries (THO) opened at $153.55 on Friday. The company has a market capitalization of $8,134.43, a P/E ratio of 19.22 and a beta of 1.42. Thor Industries has a twelve month low of $87.96 and a twelve month high of $156.86. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.05.

Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. equities analysts predict that Thor Industries will post 8.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Monday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio (DPR) is 18.43%.

Several research firms recently weighed in on THO. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research note on Thursday, September 21st. Citigroup raised their target price on shares of Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Aegis began coverage on shares of Thor Industries in a research note on Monday, September 11th. They issued a “hold” rating and a $113.00 target price for the company. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Tuesday, September 5th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Thor Industries in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $124.33.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the transaction, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in THO. Huntington National Bank raised its holdings in shares of Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Thor Industries in the second quarter valued at $104,000. Sterling Investment Advisors Ltd. bought a new position in Thor Industries during the second quarter worth $105,000. Fiduciary Trust Co. bought a new position in Thor Industries during the second quarter worth $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 88.50% of the company’s stock.

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Thor Industries Company Profile

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

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