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What Made Thor Industries Increase Its Production Capacity?

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Mar. 22 2016, Published 12:44 p.m. ET

Price movement of Thor Industries

Thor Industries (THO) has a market cap of $3.3 billion. THO rose by 0.64% to close at $62.64 per share as of March 21, 2016. The price movements on weekly, monthly, and year-to-date (or YTD) bases were 3.0%, 18.5%, and 11.6%, respectively.

Currently, THO is trading 8.3% above its 20-day moving average, 17.1% above its 50-day moving average, and 14.7% above its 200-day moving average.

The Vanguard Small-Cap ETF (VB) invests 0.10% of its holdings in Thor Industries. The ETF tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2%–15% of the investable universe. The YTD price movement of VB was 0.03% as of March 18, 2016.

The Vanguard Small-Cap Value ETF (VBR) invests 0.17% of its holdings in Thor Industries. The ETF aims to track the CRSP US Small-Cap Value Index. The index selects from a list of stocks in the 85%–99% range of market cap, based on five value factors.

The market caps of Thor Industries’ competitors are as follows:

  • Berkshire Hathaway (BRK.A): $349.8 billion
  • Jarden (JAH): $12.7 billion
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Thor Industries increased its production capacity

Thor Industries has increased its production capacity at its Thor Motor Coach subsidiary with the purchase of a 128,0000-square-foot production facility in Bristol, Indiana. The facility will meet the demand for the Thor Motor Coach’s Class C brands from dealers and consumers.

Performance of Thor Industries in fiscal 2Q16

Thor Industries reported fiscal 2Q16 net sales of $975.1 million, a rise of 14.4% from net sales of $852.4 million in fiscal 2Q15. It reported impairment charges of $9.1 million in fiscal 2Q16. Its net income and EPS (earnings per share) were $44.7 million and $0.85, respectively, in fiscal 2Q16, compared with $28.6 million and $0.54, respectively, in fiscal 2Q15.

Its cash and cash equivalents fell 25.3% and inventories rose 12.3% between fiscal 2Q15 and fiscal 2Q16. Its current ratio and debt-to-equity ratio fell to 2.2x and 0.40x, respectively, in fiscal 2Q16, compared with 2.3x and 0.43x, respectively, in fiscal 2Q15.

The price-to-earnings and price-to-book value ratios of Thor Industries were 14.5x and 2.9x, respectively, as of March 21, 2016.

Next, we’ll look at Sealed Air’s quarterly dividend per share.

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