Thor Industries (THO) has a market capitalization of $4.0 billion. It rose by 1.9% to close at $76.54 per share on July 29, 2016.
The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 3.3%, 20.4%, and 37.6%, respectively, on the same day. THO is trading 5.9% above its 20-day moving average, 13.3% above its 50-day moving average, and 29.2% above its 200-day moving average.
Related ETFs and peers
The iShares Morningstar Small Core ETF (JKJ) invests 0.57% of its holdings in Thor Industries. The ETF tracks a market cap–weighted index of US small-cap core stocks. The index selects stocks from 90%–97% of market capitalizations falling under Morningstar’s core style categorization. The YTD price movement of JKJ was 12.0% on July 29.
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 capitalization based on five value factors.
The market capitalizations of Thor Industries’ competitors are as follows:
- Berkshire Hathaway (BRK.A) — $354.2 billion
- Drew Industries (DW) — $2.2 billion
Thor Industries’ rating
Sun Trust Robinson Humphrey has upgraded Thor Industries’ rating to a “buy” from a “neutral.” It has also raised the stock’s price target to $90 from $65 per share.
Thor Industries’ performance in fiscal 3Q16
Thor Industries reported fiscal 3Q16 net sales of $1.3 billion, a rise of 8.3% compared to net sales of $1.2 billion in fiscal 3Q15. Sales of its towable recreational vehicles (RV) and motorized RVs rose by 1.7% and 20.7%, respectively, in fiscal 3Q16 compared to fiscal 3Q15.
The company’s gross profit margin and income from continuing operations before income taxes rose by 10.6% and 22.9%, respectively, in fiscal 3Q16 compared to fiscal 3Q15.
Its net income and EPS (earnings per share) rose to $78.6 million and $1.49, respectively, in fiscal 3Q16 compared to $62.8 million and $1.17, respectively, in fiscal 3Q15.
Thor Industries’ cash and cash equivalents and inventories rose by 34.8% and 11.9%, respectively, in fiscal 3Q16 compared to fiscal 3Q15. Its current ratio and debt-to-equity ratio rose to 2.2x and 0.42x, respectively, compared to 2.1x and 0.41x, respectively, in fiscal 3Q15. It reported consolidated RV backlogs of $1.1 billion in fiscal 3Q16, a rise of 51.3% compared to fiscal 3Q15.
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