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Friday, September 29, 2023

THOR Industries Inc. (NYSE: THO): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for THOR Industries Inc. (THO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.70, or -0.65%, to $107.45. The THOR Industries Inc. has recorded 12,728 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that THOR Industries Extends Partnership with Girl Scouts of the USA.

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Stocks Info

THO belongs to the Consumer Cyclical sector of the NYSE while operating in the Recreational Vehicles industry. The current market capitalization of THOR Industries Inc. is $5.59B. A total of 0.5 million shares were traded on the day, compared to an average of 613.58K shares.

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Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, THO has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 350 and the disposition of 20,250 shares. Over the last 12 months, there were 15 BUYs and 20 SELLs from insiders. Insiders purchased 152,091 shares during that period but sold 57,527.

In the most recent transaction, JULIAN KENNETH D sold 10,000 shares of THO for 110.72 per share on Jul 18. After the transaction, the SVP OF ADMIN AND HR now owns 30,811 company shares. In a previous transaction on Oct 05, ORTHWEIN PETER BUSCH bought 20,000 shares at 72.50 per share. THO shares that Director owns now total 30,000.

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Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. THOR Industries Inc. pays an annual dividend of $1.80, resulting in a dividend yield of 1.66%, and it has a price to earnings (P/E) ratio of 10.38. THO’s most recent ex-dividend date was 7/6/2023 when it declared a $0.45 quarterly dividend that was paid in cash on 7/21/2023. Previously, the company paid the dividend on 4/26/2023 with an ex-dividend date of 4/11/2023. The THO stock dividend was $0.45 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for THO in the last 3 months, the mean price target is $92.70 with high estimates of $115.00 and low estimates of $73.00. In terms of 52-week highs and lows, THO has a high of $116.31 and a low of $67.09.

As of this writing, THO has an earnings estimate of $0.88 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.32 per share and a lower estimate of $0.57. The company reported an EPS of $0.5 in the last quarter, which was -49.50% lower than expectations of $0.99.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. THO’s latest balance sheet shows that the firm has $445.85M in Cash & Short Term Investments as of fiscal 2021. There were $1.59B in debt and $1.79B in liabilities at the time. Its Book Value Per Share was $72.85, while its Total Shareholder’s Equity was $2.95B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for THO is Buy with a score of 3.18.

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