Thor Industries, Inc. (THO): A Case For Going Higher

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Recreational Vehicles industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Thor Industries, Inc. is $5.82B. A total of 0.62 million shares were traded on the day, compared to an average of 536.04K shares.

In the most recent transaction, WOELFER W. TODD sold 3,333 shares of THO for 117.50 per share on Jan 23 ’24. After the transaction, the SVP, CHIEF OPERATING OFFICER now owns 95,014 company shares. In a previous transaction on Jan 22 ’24, WOELFER W. TODD sold 3,333 shares at 115.00 per share. THO shares that SVP, CHIEF OPERATING OFFICER owns now total 98,347.

Among the insiders who sold shares, WOELFER W. TODD disposed of 3,334 shares on Jan 18 ’24 at a per-share price of $112.50. This resulted in the SVP, CHIEF OPERATING OFFICER holding 101,680 shares of THO after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Thor Industries, Inc. pays an annual dividend of $1.92, resulting in a dividend yield of 1.75%, and it has a price to earnings (P/E) ratio of 22.25. THO’s most recent ex-dividend date was 7/3/2024 when it declared a $0.48 quarterly dividend that was paid in cash on 7/18/2024. Previously, the company paid the dividend on 4/23/2024 with an ex-dividend date of 4/8/2024. The THO stock dividend was $0.48 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, THO has a high of $129.31 and a low of $84.54.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. THO’s latest balance sheet shows that the firm has $445.85M in Cash & Short Term Investments as of fiscal 2021. There were $1.61B in debt and $1.79B in liabilities at the time. Its Book Value Per Share was $76.84, while its Total Shareholder’s Equity was $2.95B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 3.46.

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