Thor Industries Sees Unusually Large Options Volume (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) saw some unusual options trading activity on Tuesday. Traders bought 7,695 put options on the company. Thisrepresentsanincreaseof901% compared to the typical volume of 769 put options.

Thor Industries Stock Up 1.2%

Thor Industries stock traded up $1.3070 during trading hours on Tuesday, hitting $107.4270. The stock had a trading volume of 788,345 shares, compared to its average volume of 782,352. The stock's 50-day moving average price is $92.64 and its 200-day moving average price is $86.32. The stock has a market capitalization of $5.72 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.21. Thor Industries has a 12-month low of $63.15 and a 12-month high of $118.85. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24.

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

Thor Industries Announces Dividend

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

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 outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Peter Busch Orthwein purchased 3,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the acquisition, the director directly owned 136,400 shares of the company's stock, valued at $11,648,560. This represents a 2.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Thor Industries

Institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of Thor Industries by 2,463.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the construction company's stock valued at $25,000 after acquiring an additional 271 shares during the last quarter. Country Trust Bank boosted its holdings in shares of Thor Industries by 50.0% during 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 during the last quarter. Curio Wealth LLC boosted its holdings in shares of Thor Industries by 33,300.0% during 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 during the last quarter. MAI Capital Management boosted its holdings in shares of Thor Industries by 174.8% during 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 during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Thor Industries by 135.6% during 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 during the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analysts Set New Price Targets

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

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. 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.

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