Peter Orthwein, a director at Thor Industries (THO), recently picked up 10,000 shares. The buy increased his holdings by just over 1 percent, and came to a total purchase price of just over $985,000.
This follows up on a similar 10,000 share buy back in December from the same director. In the meantime, a second director picked up 500 shares for just over $50,000 on December 27.
Overall, insiders own about 4.4 percent of the company.
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Shares of the RV manufacturer have shed about 10 percent in the past year. However, over the past two years, the pandemic has driven changes in travel and recreation that have been strong for the industry. Earnings are up 113 percent in the past year, and revenue is up 56 percent.
Action to take: Trading at 9 times forward earnings, chances are shares will rally higher given the growth and relative value here. Investors can even pick up a 1.8 percent dividend yield at today’s prices, with the prospect for further increases down the line.
For traders, the June $115 calls, last going for about $5.40, look like an attractive way to bet on a move higher going into the peak summer driving months. Traders can likely lock in mid-to-high double-digit yields in the months ahead on a bounce higher in shares.
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.