Stock Traders Buy High Volume of Put Options on Thor Industries (NYSE:THO)

Key Points

• Thor Industries experienced a significant surge in options trading, with 7,695 put options sold, marking a 901% increase from its typical volume.
• The company's stock rose 1.2% to $107.43, with a market capitalization of $5.72 billion and a reported earnings per share of $2.53 in its last quarterly results.
• Thor Industries announced a $400 million share repurchase plan and paid a quarterly dividend of $0.50, indicating confidence in the stock's value.

Thor Industries, Inc. (NYSE:THO - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 7,695 put options on the stock. Thisrepresentsanincreaseofapproximately901% compared to the average volume of 769 put options.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Citigroup reissued a "neutral" rating and issued a $100.00 target price (up from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. Roth Capital set a $77.00 target price on shares of Thor Industries and gave the stock a "neutral" rating in a report on Monday, June 9th. KeyCorp raised shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised shares of Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $89.38.

Thor Industries Price Performance

THO traded up $6.6230 during trading on Friday, reaching $111.6430. 997,862 shares of the company traded hands, compared to its average volume of 797,609. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. Thor Industries has a 12-month low of $63.15 and a 12-month high of $118.85. The firm has a fifty day simple moving average of $94.21 and a 200 day simple moving average of $86.49. The company has a market cap of $5.94 billion, a P/E ratio of 26.77, a PEG ratio of 2.24 and a beta of 1.21.

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

Thor Industries announced that its Board of Directors has initiated a share repurchase plan on Monday, June 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, July 1st. Thor Industries's dividend payout ratio (DPR) is 47.96%.

Insider Buying and Selling at Thor Industries

In other Thor Industries news, Director Peter Busch Orthwein acquired 3,000 shares of the stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the purchase, the director directly owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in Thor Industries by 1.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,072 shares of the construction company's stock valued at $539,000 after buying an additional 99 shares in the last quarter. Country Trust Bank grew its holdings in shares of Thor Industries by 50.0% in the second quarter. Country Trust Bank now owns 300 shares of the construction company's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Thor Industries by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the construction company's stock valued at $3,089,000 after purchasing an additional 104 shares in the last quarter. Fullcircle Wealth LLC grew its holdings in shares of Thor Industries by 1.4% in the second quarter. Fullcircle Wealth LLC now owns 9,713 shares of the construction company's stock valued at $906,000 after purchasing an additional 130 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Thor Industries by 4.2% in the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the construction company's stock valued at $270,000 after purchasing an additional 145 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.