ELKHART, Ind.—Colleen A. Zuhl, Senior Vice President and Chief Financial Officer of Thor Industries Inc. (NYSE:THO), recently sold 4,354 shares of the company's common stock. The transaction, which took place on October 16, 2024, was conducted at a price of $115 per share, amounting to a total value of $500,710.
Following this sale, Zuhl holds 131,905 shares of Thor Industries. The sale was executed under a Rule 10b5-1 trading plan, which had been adopted by Zuhl on January 16, 2024. Rule 10b5-1 plans allow company insiders to set up a predetermined schedule for buying or selling stock, providing an affirmative defense against accusations of insider trading.
In other recent news, THOR Industries has made several significant financial decisions. The company's Board of Directors has approved an increase in its regular quarterly cash dividend from $0.48 to $0.50 per share, a 4.2% increase. This move is part of the company's commitment to delivering shareholder value. Recent earnings and revenue results have also been positive, with THOR Industries reporting increases in both areas for the fourth quarter of 2024. However, the company's guidance for fiscal year 2025 indicates a stable trend, with earnings per share (EPS) expected to be between $5.00 and $6.00 per share.
In the world of analyst reports, Baird and KeyBanc have maintained their Outperform and Sector Weight ratings on THOR Industries, despite the company's conservative forecast for fiscal year 2025. BMO Capital and DA Davidson have also continued to uphold their Outperform and Neutral ratings. Benchmark has initiated coverage on THOR Industries with a Hold rating, estimating the company's enterprise value at approximately $5.2 billion.
These developments come as THOR Industries navigates a challenging market environment characterized by high interest rates and shifts in consumer behavior affecting the recreational vehicle industry. The company expects consolidated net sales to range between $10.0 billion and $10.5 billion for the full year 2024. As these recent developments unfold, investors are encouraged to keep an eye on the ongoing financial performance of THOR Industries.
InvestingPro Insights
As Colleen A. Zuhl's recent stock sale draws attention to Thor Industries, it's worth examining some key financial metrics and insights provided by InvestingPro. The company, with a market capitalization of $6.1 billion, has demonstrated resilience in its dividend policy. According to InvestingPro Tips, Thor Industries has maintained dividend payments for 38 consecutive years and has raised its dividend for 9 consecutive years. This consistent dividend history may appeal to income-focused investors, especially given the current dividend yield of 1.76%.
Despite recent revenue challenges, with a 9.69% decline in the last twelve months, Thor Industries remains profitable. The company's P/E ratio stands at 23.24, suggesting investors are still willing to pay a premium for its earnings. This valuation should be considered in light of the company's financial health, as InvestingPro data indicates that Thor's liquid assets exceed short-term obligations, and it operates with a moderate level of debt.
Investors should note that Thor Industries has shown strong returns over both the short and long term. The stock has delivered a 15.67% return over the past three months and has performed well over the last five years. However, potential investors should be aware that the stock price movements can be quite volatile, as highlighted by one of the InvestingPro Tips.
For those seeking a more comprehensive analysis, InvestingPro offers additional insights, with 11 more tips available for Thor Industries. These additional tips could provide valuable context for understanding the company's financial position and future prospects in the dynamic recreational vehicle market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.