THOR Industries Sees Unusually High Options Volume (NYSE:THO)

Posted by Defense World Staff on Apr 26th, 2023

THOR Industries, Inc. (NYSE:THO – Get Rating) was the recipient of unusually large options trading activity on Monday. Investors purchased 2,460 put options on the company. This is an increase of 89% compared to the typical volume of 1,304 put options.

THOR Industries Stock Performance

NYSE:THO opened at $76.76 on Wednesday. THOR Industries has a 1-year low of $66.26 and a 1-year high of $105.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.95 and a quick ratio of 0.68. The firm’s fifty day moving average price is $83.18 and its 200 day moving average price is $84.03. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 5.29 and a beta of 1.75.

THOR Industries (NYSE:THO – Get Rating) last released its quarterly earnings results on Tuesday, March 7th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.60). The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.49 billion. THOR Industries had a return on equity of 21.88% and a net margin of 5.69%. The company’s quarterly revenue was down 39.4% compared to the same quarter last year. During the same period last year, the firm earned $4.79 EPS. On average, sell-side analysts expect that THOR Industries will post 5.94 EPS for the current year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 12th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, April 11th. THOR Industries’s dividend payout ratio (DPR) is currently 12.41%.

Hedge Funds Weigh In On THOR Industries

Large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in shares of THOR Industries in the 4th quarter valued at $26,000. Proficio Capital Partners LLC bought a new position in THOR Industries in the 1st quarter worth approximately $28,000. Ronald Blue Trust Inc. increased its position in shares of THOR Industries by 293.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 433 shares of the construction company’s stock valued at $30,000 after purchasing an additional 323 shares during the period. CI Investments Inc. increased its position in shares of THOR Industries by 73.2% during the fourth quarter. CI Investments Inc. now owns 471 shares of the construction company’s stock valued at $36,000 after purchasing an additional 199 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of THOR Industries by 30.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 640 shares of the construction company’s stock valued at $45,000 after purchasing an additional 150 shares during the period. 98.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

THO has been the subject of a number of recent research reports. Citigroup lifted their price objective on shares of THOR Industries from $87.00 to $94.00 and gave the stock a “neutral” rating in a research note on Friday, February 24th. Truist Financial boosted their target price on shares of THOR Industries from $70.00 to $80.00 in a research report on Friday, February 17th. DA Davidson decreased their price objective on shares of THOR Industries from $84.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. Roth Capital reiterated a “neutral” rating on shares of THOR Industries in a research note on Tuesday, March 7th. Finally, StockNews.com started coverage on shares of THOR Industries in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.83.

About THOR Industries

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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