Stock News in Focus: Thor Industries (NYSE:THO)

 Thor Industries (NYSE:THO) stock identified change of 34.70% away from 52-week low price and recently located move of -34.17% off 52-week high price. It has market worth of $3196.76M and dividend yield of 2.75%. THO stock has been recorded 11.21% away from 50 day moving average and -2.88% away from 200 day moving average. Moving closer, we can see that shares have been trading 12.54% off 20-day moving average.

 On Sept. 30, 2019, Thor Industries (NYSE:THO) reported results for the fourth quarter and fiscal year ended July 31, 2019.

We are encouraged by the improvement in the North American RV Towables segment in the fourth quarter, as we saw our flexible business model and the benefits of our variable cost structure drive improvement in margins for the quarter, said Bob Martin, Thor President and CEO. Fiscal 2019 was a year of significant accomplishments amid challenging industry conditions. We completed the largest acquisition in our Company’s and the RV industry’s history, while managing through the overhang of inventory among our independent dealers. As we look ahead to fiscal 2020, we see many reasons for optimism as we leverage the global growth opportunities of EHG. Our confidence was reinforced at the recent Düsseldorf Caravan Salon in late August, the Hershey RV show in mid-September and our Open House event held last week. Each of these important events were well attended and reflected the current optimistic sentiment of our independent dealers and consumers.

Fourth Quarter Highlights

Fourth-quarter net sales were $2.31 billion, an increase of $437.5 million, or 23.3%, from the fourth quarter of fiscal 2018, as the inclusion of $719.5 million in net sales from the European RV segment was partially offset by a 17.6% decrease in North American Towable RV sales and an 8.1% decrease in North American Motorized RV sales.

Overall gross profit margin was 14.4% in the quarter, compared to 13.0% in the prior-year period, primarily reflecting favorable product mix and improvements in material, labor, and warranty cost percentages in the North American towable segment, the Company’s largest segment.

Net income attributable to Thor and diluted earnings per share for the fourth quarter were $92.1 million and $1.67, respectively.

 The Consumer Goods sector company, Thor Industries noticed change of 15.78% to $56.64 along volume of 8292220 shares in recent session compared to an average volume of 846.23K. The stock observed return of 5.26% in 5 days trading activity. The stock was at 23.83% over one month performance. THO’s shares are at -2.26% for the quarter and driving a -33.89% return over the course of the past year and is now at 8.92% since this point in 2018. 

 The average volatility for the week at 6.35% and for month was at 4.40%. There are 56.44M shares outstanding and 52.84M shares are floated in market. Right now the stock beta is 1.93. 

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