Major Move Is Coming For Thor Industries, Inc. After Bullish Options Activity

 Major Move Is Coming For Thor Industries, Inc. After Bullish Options Activity

In today’s session Thor Industries, Inc. (THO) registered an unusually high (1,104) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious THO increase. With 1,104 contracts traded and 7224 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: THO161216C00090000 closed last at: $3.4 or 36% up. The stock increased 1.14% or $1.01 on November 23, hitting $89.58. Thor Industries, Inc. (NYSE:THO) has risen 41.81% since April 22, 2016 and is uptrending. It has outperformed by 36.40% the S&P500.

Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on December, 5. They expect $1.23 EPS, up 26.80% or $0.26 from last year’s $0.97 per share. THO’s profit will be $65.36M for 18.21 P/E if the $1.23 EPS becomes a reality. After $1.57 actual EPS reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts -21.66% negative EPS growth.

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. Thor Industries Inc has been the topic of 11 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, September 28 by Great Lakes. On Thursday, March 24 the stock rating was maintained by Citigroup with “Buy”. Suntrust Robinson upgraded Thor Industries, Inc. (NYSE:THO) on Friday, July 29 to “Buy” rating. The firm has “Market Perform” rating given on Wednesday, June 8 by BMO Capital Markets. Wunderlich downgraded the shares of THO in a report on Friday, August 19 to “Hold” rating. The firm has “Buy” rating by Northcoast given on Tuesday, September 13. Gabelli downgraded the shares of THO in a report on Wednesday, December 2 to “Hold” rating. Wellington Shields upgraded the stock to “Buy” rating in Wednesday, September 28 report. Citigroup maintained the shares of THO in a report on Friday, October 2 with “Buy” rating. The stock of Thor Industries, Inc. (NYSE:THO) earned “Outperform” rating by BMO Capital Markets on Tuesday, September 29.

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 decreased to 1 in 2016 Q2. Its down 0.37, from 1.37 in 2016Q1. The ratio turned negative, 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.
Ibm Retirement Fund holds 0.01% of its portfolio in Thor Industries, Inc. (NYSE:THO) for 4,861 shares. Teacher Retirement Of Texas holds 0% or 6,992 shares in its portfolio. Barclays Public Limited accumulated 0.01% or 83,223 shares. Moreover, 12Th Street Asset Management Ltd Liability Co has 8.18% invested in Thor Industries, Inc. (NYSE:THO) for 318,862 shares. Camarda Advsrs has 0.02% invested in the company for 372 shares. Highland Mngmt accumulated 0.07% or 13,386 shares. The North Carolina-based Verity Asset Mgmt Inc has invested 0.34% in Thor Industries, Inc. (NYSE:THO). Green Square Ltd Liability reported 8,221 shares or 0.13% of all its holdings. Matarin Mngmt reported 91,478 shares or 0% of all its holdings. City has 52 shares for 0% of their US portfolio. Seabridge Investment Advisors Ltd Liability Company accumulated 111,399 shares or 1.82% of the stock. Susquehanna International Gru Llp holds 0% of its portfolio in Thor Industries, Inc. (NYSE:THO) for 32,640 shares. Cim Limited Liability last reported 7,540 shares in the company. Profund Advisors Limited Liability accumulated 7,552 shares or 0.02% of the stock. Blackrock Japan Company holds 0% or 4,217 shares in its portfolio.

Insider Transactions: Since September 29, 2016, the stock had 0 buys, and 1 insider sale for $400,360 net activity. $400,360 worth of Thor Industries, Inc. (NYSE:THO) shares were sold by ORTHWEIN PETER BUSCH.

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 $4.76 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, Streetinsider.com published: “Form DEFA14A THOR INDUSTRIES INC” on November 23, 2016. More interesting news about Thor Industries, Inc. (NYSE:THO) were released by: Wsj.com and their article: “Thor Industries to Buy Jayco for $576 Million” published on July 01, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Thor Industries, Hormel Foods and Colgate-Palmolive” with publication date: October 18, 2016.

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