Stock Traders Purchase High Volume of Call Options on Thor Industries (THO)
Thor Industries, Inc. (NYSE:THO) was the recipient of unusually large options trading on Monday. Stock traders purchased 12,680 call options on the company. This is an increase of 1,256% compared to the average volume of 935 call options.
A number of research analysts recently issued reports on THO shares. BidaskClub lowered Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Citigroup Inc. reaffirmed a “buy” rating and set a $118.00 target price (up from $111.00) on shares of Thor Industries in a report on Friday, June 9th. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Sidoti started coverage on Thor Industries in a report on Friday, August 11th. They set a “buy” rating and a $133.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Thor Industries has an average rating of “Buy” and an average price target of $109.39.
Thor Industries (NYSE THO) opened at 108.56 on Thursday. The company has a 50-day moving average price of $104.42 and a 200-day moving average price of $101.07. The stock has a market cap of $5.71 billion, a PE ratio of 16.94 and a beta of 1.40. Thor Industries has a 52 week low of $74.00 and a 52 week high of $115.74.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $1.51 EPS. The firm’s revenue for the quarter was up 56.9% on a year-over-year basis. Analysts anticipate that Thor Industries will post $6.78 earnings per share for the current year.
In related news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the transaction, the director now directly owns 4,988 shares of the company’s stock, valued at $545,936.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank increased its position in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares during the period. Penserra Capital Management LLC purchased a new position in Thor Industries during the second quarter worth $104,000. Sterling Investment Advisors Ltd. purchased a new position in Thor Industries during the second quarter worth $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries during the second quarter worth $133,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock worth $156,000 after buying an additional 682 shares during the period. 89.67% of the stock is currently owned by institutional investors and hedge funds.
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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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