Insider Trading Report: Thor Industries (THO)

Peter Orthwein, a director at Thor Industries (THO), recently added 3,000 shares. The buy increased his stake by 0.3 percent, and came to a total purchase price of $228,000.

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  • This is the second buy from the director in the past month. Other directors have also been buyers of shares in recent months. Going further back, company executives were sellers of shares at higher prices in the past year.

    Overall, insiders own about 4.5 percent of shares.

    The recreational vehicle company has seen shares slide by over a third in the past year, as high energy prices and interest rates have dampened demand.

    Even with a slowdown, earnings are up about 90 percent in the past year, with revenue up by about 34 percent. That leaves the company looking oversold from here.

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  • Action to take: Shares are inexpensive at less than 7 times forward earnings, even with a potential economic slowdown in place. The stock is also inexpensive at 0.3 times its price to sales. Plus, shares yield 2.2 percent right now, with room for further growth down the line.

    Shares have steadied from their long-term downtrend in the past few weeks, and may be due for a relief rally higher. For traders, the January $85 calls, last going for about $7.25, could see mid-to-high double-digit growth in the coming months.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

     

  • Special: Stock Caught Trading Under Secret Name