Is Buying Thor Industries, Inc. Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Thor Industries, Inc. Here a Winning Strategy? Option Traders Like The Stock

In today’s session Thor Industries, Inc. (THO) registered an unusually high (1,001) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious THO increase. With 1,001 contracts traded and 224 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: THO161118C00075000 closed last at: $2.25 or 15.4% up. About 101,507 shares traded hands. Thor Industries, Inc. (NYSE:THO) has risen 21.19% since April 5, 2016 and is uptrending. It has outperformed by 19.23% the S&P500.

Thor Industries, Inc. (NYSE:THO) Ratings Coverage

Out of 8 analysts covering Thor Industries Inc (NYSE:THO), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $80 is the highest target while $60 is the lowest. The $69 average target is -10.28% below today’s ($76.91) stock price. Thor Industries Inc has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Buy” rating and $60 target price in Friday, October 2 report. Suntrust Robinson upgraded the shares of THO in a report on Friday, July 29 to “Buy” rating. As per Friday, August 19, the company rating was downgraded by Wunderlich. The stock of Thor Industries, Inc. (NYSE:THO) earned “Buy” rating by Citigroup on Thursday, March 24. Wunderlich maintained the shares of THO in a report on Tuesday, June 7 with “Buy” rating. The rating was upgraded by Great Lakes on Wednesday, September 28 to “Buy”. The rating was downgraded by Gabelli to “Hold” on Wednesday, December 2. BMO Capital Markets upgraded the shares of THO in a report on Tuesday, September 29 to “Outperform” rating. The firm has “Buy” rating by Northcoast given on Tuesday, September 13. The firm has “Buy” rating by Wellington Shields given on Wednesday, September 28.

According to Zacks Investment Research, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.”

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.41, from 0.96 in 2016Q1. The ratio increased, as 17 funds sold all Thor Industries, Inc. shares owned while 111 reduced positions. 51 funds bought stakes while 124 increased positions. They now own 43.86 million shares or 10.97% less from 49.27 million shares in 2016Q1.
Cim Lc has 0.24% invested in the company for 7,540 shares. Ameriprise Financial accumulated 0.01% or 311,785 shares. Swiss Commercial Bank holds 83,400 shares or 0.01% of its portfolio. Yorktown Mngmt & Research last reported 0.07% of its portfolio in the stock. Dalton Greiner Hartman Maher reported 638,516 shares or 2.56% of all its holdings. Hightower Advisors Ltd Liability accumulated 25,008 shares or 0.02% of the stock. Fulton National Bank Na reported 5,968 shares or 0.04% of all its holdings. Boston Advsrs Lc accumulated 0.01% or 4,157 shares. Deroy Devereaux Private Investment Counsel last reported 1.64% of its portfolio in the stock. Principal Gp Inc Inc has invested 0.02% of its portfolio in Thor Industries, Inc. (NYSE:THO). Bnp Paribas Arbitrage has 0.01% invested in the company for 18,144 shares. Profund Advisors Ltd Liability Corp has 7,552 shares for 0.02% of their US portfolio. Morgan Dempsey Capital Mgmt Lc owns 26,061 shares or 0.57% of their US portfolio. Cadence Mngmt Ltd Llc holds 10,710 shares or 0.05% of its portfolio. Dean Cap Mgmt last reported 26,355 shares in the company.

Insider Transactions: Since September 29, 2016, the stock had 0 insider purchases, and 1 insider sale for $400,360 net activity. The insider ORTHWEIN PETER BUSCH sold 4,672 shares worth $400,360.

Thor Industries, Inc. manufactures a range of recreational vehicles in the United States and sells those vehicles primarily in the United States and Canada. The company has a market cap of $4.12 billion.

THO Company Profile

Thor Industries, Inc., incorporated on July 26, 1983, makes a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily throughout the United States and Canada, as well as related parts and accessories. The Company’s divisions include towable recreational vehicles, motorized recreational vehicles and Other. The towable recreational vehicle segment includes the activities 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. (Jayco) (including Jayco towable, Starcraft and Highland Ridge), Keystone RV Company (Keystone) (including CrossRoads and Dutchmen) and K.Z., Inc. (KZ) (including Livin’ Lite RV, Inc. (Livin’ Lite)). The motorized recreational vehicle segment includes the activities of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach, Inc. (Thor Motor Coach). The Company’s Other segment includes the activities of its subsidiary, Postle Operating, LLC (Postle).

More notable recent Thor Industries, Inc. (NYSE:THO) news were published by: Forbes.com which released: “An Interview With Bob Martin, President And CEO Of Thor Industries, Inc.” on October 31, 2016, also Forbes.com with their article: “Thor Industries Enters Oversold Territory” published on November 03, 2016, Forbes.com published: “Ex-Dividend Reminder: Thor Industries, Hormel Foods and Colgate-Palmolive” on October 18, 2016. More interesting news about Thor Industries, Inc. (NYSE:THO) were released by: Forbes.com and their article: “Thor Industries Looks Like A Good Place For Investors To Set Up Camp” published on July 07, 2016 as well as Wsj.com‘s news article titled: “Thor Industries to Buy Jayco for $576 Million” with publication date: July 01, 2016.

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