Thor Industries (NYSE:THO) Stock, Quote.Headers.trade-ideas

Thor Industries

Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.

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Thor Industries Inc

TOHO GAS CO LTD ORD NEW by Toho Gas Co., Ltd.

Toho Gas Co Ltd

TOHO Co Ltd

THAI OIL PCL UTS NVDR by Thai Oil Public Co., Ltd.

Thai Oil PCL

Thor Energy PLC

Bioporto AS

Truist Securities analyst Michael Swartz maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Hold and lowers the price target from $105 to $98.

News

Price Target

Analyst Ratings

Truist Securities Maintains Hold on Thor Industries, Lowers Price Target to $98

WIIM

Thor Industries shares are trading lower after the company reported worse-than-expected Q1 financial results.

Thor Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) shares are trading lower premarket on Wednesday.
Quarterly sales of&nbsp;$2.143 billion, down&nbsp;14.3% year over year, <a target="_blank" href="https://www.benzinga.com//node/42310751" rel="noreferrer noopener">missed the analyst consensus of&nbsp;$2.241 billion.</a>
The company reported&nbsp;first-quarter EPS of&nbsp;$(0.03) versus $0.99 prior year. Adjusted EPS of $0.26 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the consensus of $0.71</a>.
North American Towable RV net sales were down 4.9%&nbsp;Y/Y, North American Motorized RV net sales decreased&nbsp;29.0%, and European RV net sales decreased&nbsp;14.6%&nbsp;in the quarter.
Quarterly gross profit margin contracted by 120 basis points to 13.1%. Thor Industries exited the quarter with cash and equivalents worth $445.2 million. Inventories as of quarter end totaled $1.37 billion.
Bob Martin, President and CEO, said, &#8220;As we forecasted, our performance through the first quarter of our fiscal year 2025 continued to be impacted by the soft retail and wholesale environment.&#8221;
&#8220;Barring further future macroeconomic headwinds, it is our expectation that retail activity will begin to trend positively in the latter half of our fiscal 2025, particularly in North America, where we anticipate the return of a stronger retail market,&#8221; added Martin.
Outlook:&nbsp;Thor Industries reiterated FY25 sales of $9.0 billion &#8211; $9.8 billion, compared to the&nbsp;$9.617 billion&nbsp;estimate, and EPS of&nbsp;$4.00<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> to&nbsp;$5.00, vs. the estimated&nbsp;$5.04</a>.
Todd Woelfer, Senior Vice President and Chief Operating Officer, added, &#8220;Our initial view of fiscal year 2025 forecasted for challenging first and second quarters driven by the difficult markets and a return to a more normal cadence of operating results in Europe following a record fiscal 2024, with particular challenges facing our North American Motorized segment.&#8221;
&#8221;As we look to the remainder of the fiscal year, we continue to believe that our initial forecast for our fiscal year 2025 is an accurate assessment of the RV industry for the next nine months. For our performance, this means that we anticipate a challenging second quarter but stronger quarters in our fiscal second half.&#8221;
Price Action: THO shares are down 5.06% at $103.00 premarket at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42310251" target="_blank" rel="noreferrer noopener">Torrid Shares Dip On Weak Q3 Results And Lowered FY24 Outlook, CEO Optimistic For Future Growth</a></li>
</ul>
Photo via Shutterstock.

Earnings

Equities

Mid Cap

Guidance

Movers

Thor Industries Misses Q1 Estimates Amid Recreational Vehicle Market Weakness, But Optimistic About H2 Recovery

THOR Industries Reaffirms FY25 Sales Of $9.0B-$9.8B Vs. $9.617B Est., EPS of $4.00-$5.00 Vs. $5.04 Est

Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $0.78 by 103.85 percent. The company reported quarterly sales of $2.143 billion which missed the analyst consensus estimate of $2.241 billion by 4.39 percent. This is a 14.31 percent decrease over sales of $2.501 billion the same period last year.

Earnings Misses

Thor Industries Q1 2025 GAAP EPS $(0.03) Misses $0.78 Estimate, Sales $2.143B Miss $2.241B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) is estimated to report quarterly earnings at $0.20 per share on revenue of $202.59 million. 
• SecureWorks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $81.39 million. 
• Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $2.00 billion. 
• Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $2.23 billion. 
• Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is expected to report quarterly earnings at $1.08 per share on revenue of $7.44 billion. 
• Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $3.14 billion. 
• Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $2.90 billion. 
• WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $1.57 billion. 
• Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) is projected to report quarterly earnings at $2.57 per share on revenue of $2.95 billion. 
• Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) is expected to report quarterly earnings at $3.01 per share on revenue of $14.72 billion. 
• Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $172.78 million. 
<h3>Companies Reporting After The Bell</h3>
• Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is likely to report quarterly loss at $0.18 per share on revenue of $58.00 million. 
• DLH Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLHC#NASDAQ">DLHC</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $101.00 million. 
• PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) is expected to report quarterly earnings at $2.59 per share on revenue of $2.22 billion. 
• Ooma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OOMA#NYSE">OOMA</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $64.32 million. 
• KNOT Offshore Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>) is projected to report quarterly loss at $0.04 per share on revenue of $73.49 million. 
• ChargePoint Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) is expected to report quarterly loss at $0.09 per share on revenue of $89.58 million. 
• SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is expected to report quarterly loss at $0.20 per share on revenue of $209.72 million. 
• Sprinklr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $196.40 million. 
• Ncino (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $137.38 million. 
• Verint Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $210.03 million. 
• Greif (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEF#NYSE">GEF</a>) is projected to report quarterly earnings at $1.10 per share on revenue of $1.41 billion. 
• Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $798.58 million. 
• Star Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGU#NYSE">SGU</a>) is estimated to report earnings for its fourth quarter. 
• AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $181.44 million. 
• IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is likely to report earnings for its first quarter. 
• American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.30 billion. 
• Container Store Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $45.20 million. 
• Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) is expected to report quarterly earnings at $3.30 per share on revenue of $1.63 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVAV

CHPT

CHWY

CULP

DAKT

DLHC

DLTR

WisdomTree Trust International LargeCap Dividend

FIVE

GSX Techedu Inc. American Depositary Shares

GOTU

KNOP

NCNO

OOMA

SCWX

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VRNT

Earnings Scheduled For December 4, 2024

In the last three months, 4 analysts have published ratings on Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $111.0, a high estimate of $124.00, and a low estimate of $95.00. Observing a 3.5% increase, the current average has risen from the previous average price target of $107.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1733248857_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Thor Industries among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>James Hardiman</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$124.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Tristan Thomas-Martin</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$120.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Thor Industries. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Thor Industries compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Thor Industries's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Thor Industries's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/THO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Thor Industries analyst ratings.</a>
<h2>Unveiling the Story Behind Thor Industries</h2>
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.
<h3>Breaking Down Thor Industries's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Thor Industries's financials over 3 months reveals challenges. As of 31 July, 2024, the company experienced a decline of approximately -7.45% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Thor Industries's net margin excels beyond industry benchmarks, reaching 3.55%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.23%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Thor Industries's ROA excels beyond industry benchmarks, reaching 1.26%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.28.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Thor Industries

Benchmark analyst Michael Albanese reiterates Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Thor Industries

Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-12-04. Here's what investors need to know before the announcement.
Analysts estimate that Thor Industries will report an earnings per share (EPS) of $0.70. 
The announcement from Thor Industries is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
The company's EPS beat by $0.38 in the last quarter, leading to a 2.77% drop in the share price on the following day.
Here's a look at Thor Industries's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.30</td>
<td>1.80</td>
<td>0.67</td>
<td>1.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.68</td>
<td>2.13</td>
<td>0.34</td>
<td>0.99</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733238053_0.png" alt="eps graph" />
<h3>Performance of Thor Industries Shares</h3>
Shares of Thor Industries were trading at $110.95 as of December 02. Over the last 52-week period, shares are up 5.57%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Observations about Thor Industries</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Thor Industries.
The consensus rating for Thor Industries is Neutral, derived from 4 analyst ratings. An average one-year price target of $111.0 implies a potential 0.05% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of and Thor Industries, three key industry players, offering insights into their relative performance expectations and market positioning.
<h3>Peers Comparative Analysis Summary</h3>
Within the peer analysis summary, vital metrics for and Thor Industries are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Thor Industries</td>
<td>Neutral</td>
<td>-7.45%</td>
<td>$401.33M</td>
<td>2.23%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Thor Industries is positioned in the middle among its peers based on consensus rating. It ranks at the bottom for revenue growth compared to its peers. In terms of gross profit, Thor Industries is at the top among its peers. However, it ranks at the bottom for return on equity.
<h3>Get to Know Thor Industries Better</h3>
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.
<h3>Understanding the Numbers: Thor Industries's Finances</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Thor Industries faced challenges, resulting in a decline of approximately -7.45% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Thor Industries's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 3.55%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Thor Industries's ROE stands out, surpassing industry averages. With an impressive ROE of 2.23%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.26%, the company showcases effective utilization of assets.
Debt Management: Thor Industries's debt-to-equity ratio is below the industry average at 0.28, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/THO/earnings">To track all earnings releases for Thor Industries visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Thor Industries's Earnings Preview

California's mission to drastically slash planet-warming emissions from cars and trucks could halt the sale of new motorhomes as soon as January when more aggressive standards kick in, according to the RV industry.
The RV Association has warned that California's Advanced Clean Trucks program, which was amended by the California Air Resources Board last month, are too arduous for the RV market and "will create a near-total ban on motorhome sales in the state."
<a href="https://www.sfchronicle.com/california/article/rv-fuel-ban-19916244.php" title="https://www.sfchronicle.com/california/article/rv-fuel-ban-19916244.php">https://www.sfchronicle.com/california/article/rv-fuel-ban-19916244.php</a>

LCII

'New California rules could soon end sales of RVs, industry warns' - San Fransisco Chronicle

Deep-pocketed investors have adopted a bearish approach towards Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in THO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Thor Industries. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 50% bearish. Among these notable options, 8 are puts, totaling $367,070, and 2 are calls, amounting to $188,275.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $105.0 for Thor Industries, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Thor Industries options trades today is 428.0 with a total volume of 2,908.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Thor Industries's big money trades within a strike price range of $100.0 to $105.0 over the last 30 days.
<h3>Thor Industries Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708253_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$105.00</td>
<td>$107.5K</td>
<td style="text-align: right;">33</td>
<td style="text-align: right;">517</td>
</tr>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.2</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$105.00</td>
<td>$80.7K</td>
<td style="text-align: right;">33</td>
<td style="text-align: right;">188</td>
</tr>
<tr>
<td>THO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$6.0</td>
<td>$5.6</td>
<td>$5.7</td>
<td>$105.00</td>
<td>$60.3K</td>
<td style="text-align: right;">537</td>
<td style="text-align: right;">359</td>
</tr>
<tr>
<td>THO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.8</td>
<td>$3.5</td>
<td>$3.8</td>
<td>$100.00</td>
<td>$57.0K</td>
<td style="text-align: right;">714</td>
<td style="text-align: right;">716</td>
</tr>
<tr>
<td>THO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.0</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$105.00</td>
<td>$55.8K</td>
<td style="text-align: right;">537</td>
<td style="text-align: right;">110</td>
</tr>
</tbody>
</table>

<h3>About Thor Industries</h3>
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.
After a thorough review of the options trading surrounding Thor Industries, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Thor Industries</h3>
<ul>
<li>Trading volume stands at 329,112, with THO's price down by -3.7%, positioned at $104.56.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Thor Industries options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

This Is What Whales Are Betting On Thor Industries

THOR Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) today announced that its Board of Directors approved, at its October 8, 2024 meeting, the payment of a regular quarterly cash dividend of $0.50 per share.&nbsp;The new quarterly dividend amount represents a 4.2% increase from the previous quarterly dividend amount of $0.48. &nbsp;
The regular cash dividend is payable on November 15, 2024, to shareholders of record at the close of business on November 1, 2024.

Dividends

THOR Industries Announces Increased Regular Quarterly Dividend From $0.48 To $0.50 Per Share

In the latest quarter, 4 analysts provided ratings for Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $111.0, along with a high estimate of $124.00 and a low estimate of $95.00. This current average reflects an increase of 3.5% from the previous average price target of $107.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1727726491_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Thor Industries by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>James Hardiman</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$124.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Tristan Thomas-Martin</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$120.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Thor Industries. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Thor Industries compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Thor Industries's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Thor Industries's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/THO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Thor Industries analyst ratings.</a>
<h2>Unveiling the Story Behind Thor Industries</h2>
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.
<h3>Understanding the Numbers: Thor Industries's Finances</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Thor Industries faced challenges, resulting in a decline of approximately -7.45% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Thor Industries's net margin is impressive, surpassing industry averages. With a net margin of 3.55%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Thor Industries's ROE stands out, surpassing industry averages. With an impressive ROE of 2.23%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Thor Industries's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.26%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.28.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About Thor Industries

DA Davidson analyst Brandon Rolle maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Neutral and maintains $95 price target.

DA Davidson Maintains Neutral on Thor Industries, Maintains $95 Price Target

Citigroup analyst James Hardiman maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Buy and raises the price target from $119 to $124.

Citigroup Maintains Buy on Thor Industries, Raises Price Target to $124

Investors with a lot of money to spend have taken a bullish stance on Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with THO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Thor Industries.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $77,285, and 6 are calls, for a total amount of $330,812.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $120.0 for Thor Industries over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Thor Industries's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Thor Industries's substantial trades, within a strike price spectrum from $100.0 to $120.0 over the preceding 30 days.
<h3>Thor Industries Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727288178_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.1</td>
<td>$14.4</td>
<td>$15.1</td>
<td>$115.00</td>
<td>$104.1K</td>
<td>12</td>
<td style="text-align: right;">89</td>
</tr>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$13.2</td>
<td>$12.3</td>
<td>$13.1</td>
<td>$120.00</td>
<td>$74.6K</td>
<td>13</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.9</td>
<td>$12.6</td>
<td>$14.9</td>
<td>$115.00</td>
<td>$58.1K</td>
<td>12</td>
<td style="text-align: right;">146</td>
</tr>
<tr>
<td>THO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.25</td>
<td>$1.05</td>
<td>$1.15</td>
<td>$100.00</td>
<td>$49.5K</td>
<td>5.1K</td>
<td style="text-align: right;">620</td>
</tr>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$6.3</td>
<td>$5.9</td>
<td>$6.07</td>
<td>$105.00</td>
<td>$34.6K</td>
<td>839</td>
<td style="text-align: right;">437</td>
</tr>
</tbody>
</table>

<h3>About Thor Industries</h3>
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.
Following our analysis of the options activities associated with Thor Industries, we pivot to a closer look at the company's own performance.
<h3>Current Position of Thor Industries</h3>
<ul>
<li>Currently trading with a volume of 353,972, the THO's price is down by -2.02%, now at $107.26. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 70 days.</li>
</ul>
<h3>Expert Opinions on Thor Industries</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $112.5.
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&#x2A; An analyst from Truist Securities has decided to maintain their Hold rating on Thor Industries, which currently sits at a price target of $105. 
&#x2A; An analyst from BMO Capital persists with their Outperform rating on Thor Industries, maintaining a target price of $120. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Thor Industries options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&amp;P 500 jumping to a new high following a sharp increase in NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares.
Thor Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) reported better-than-expected earnings for its fourth quarter on Tuesday. AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) reported weaker-than-expected earnings for its fourth quarter.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index in increased by 5.9% year-over-year in July compared to a 6.5% rise in the previous month.&nbsp; The FHFA house price index rose 0.1% in July, compared to market estimates of a 0.2% increase. Consumer confidence recorded its biggest one-month drop in more than three years, falling to 98.7 in September.
Most sectors on the S&amp;P 500 closed on a positive note, with materials, information technology, and consumer discretionary stocks recording the biggest gains on Tuesday. However, financials and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 84 points to 42,208.22 on Tuesday. The S&amp;P 500 rose 0.25% to 5,732.93, while the Nasdaq Composite gained 0.56% at 18,074.52 during Tuesday's session.
Investors are awaiting earnings results from Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>), Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65.6, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 65.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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</ul>

Pre-Market Outlook

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CTAS

NVDA

S&P 500 Hits Fresh Record High Amid Surge In Nvidia Shares: Investor Sentiment Improves Further, Fear Index Remains In 'Greed' Zone

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index edging lower on Tuesday.
The Dow traded down 0.04% to 42,109.03 while the NASDAQ rose 0.51% to 18,065.98. The S&amp;P 500 also rose, gaining, 0.14% to 5,726.56.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41000017/how-to-earn-500-a-month-from-nvidia-stock">How To Earn $500 A Month From Nvidia Stock</a>
Leading and Lagging Sectors Materials shares jumped by 1.2% on Tuesday.
In trading on Tuesday, financials shares fell by 1.1%.
Top Headline
Thor Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) reported better-than-exp earnings for its fourth quarter on Tuesday.
The company reported fourth-quarter earnings per share of $1.68, beating the street view of $1.43. Quarterly sales of $2.534 billion (down 7.4%) outpaced the analyst consensus of $2.471 billion.
Thor Industries said it anticipates fiscal year 2025 sales between $9.0 billion and $9.8 billion, compared to the $10.49 billion estimate, and expects EPS to range from $4.00 to $5.00, below the estimated $6.65.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Maison Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSS#NASDAQ">MSS</a>) shares shot up 115% to $1.5792 after the company reported a year-over-year increase in first-quarter sales results.</li>
<li>Shares of Seelos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>) got a boost, surging 76% to $0.3356 after the company announced it signed a material transfer agreement to supply SLS-002 for the Department of Defense&#8217;s military and veterans adaptive platform clinical trial for PTSD.</li>
<li>Wave Life Sciences Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) shares were also up, gaining 53% to $8.18 after the company announced interim data from its ongoing Phase 2 FORWARD-53 study of WVE-N531 for Duchenne muscular dystrophy.</li>
</ul>
Equities Trading DOWN
<ul>
<li>BioVie Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIVI#NASDAQ">BIVI</a>) shares dropped 56% to $1.2399 after the company announced it raised $3 million through a secondary offering of 1.96 million shares at $1.53 per share.</li>
<li>Shares of Laser Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) were down 16% to $15.75. Laser Photonics appointed Robert Hoffman as its new Outside Sales Director.</li>
<li>Light &amp; Wonder, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNW#NASDAQ">LNW</a>) was down, falling 18% to $92.51 after Susquehanna lowered its price target on the stock from $92 to $90.</li>
</ul>
Commodities In commodity news, oil traded up 1.3% to $71.31 while gold traded up 0.9% at $2,676.60.
Silver traded up 4.2% to $32.385 on Tuesday, while copper rose 3.4% to $4.4940.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 rose 0.65%, Germany's DAX gained 0.80% and France's CAC 40 gained 1.28%. Spain's IBEX 35 Index rose 0.33%, while London's FTSE 100 rose 0.28%.
The Ifo Business Climate indicator for Germany fell to 85.4 in September versus 86.6 in the previous month.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei 225 gaining 0.57%, Hong Kong's Hang Seng Index jumping 4.13%, China's Shanghai Composite Index gaining 4.15% and India's BSE Sensex gaining 0.02%.
The au Jibun Bank Flash Japan composite PMI declined to 52.5 in September compared to a final reading of 52.9 in August.
Economics
<ul>
<li>The S&amp;P CoreLogic Case-Shiller home price index in increased by 5.9% year-over-year in July compared to a 6.5% rise in the previous month.</li>
<li>The FHFA house prices index rose 0.1% in July, compared to market estimates of a 0.2% increase. </li>
</ul>
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THOR Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) has solidified its leadership in recreational vehicle (RV) innovation by introducing the THOR Test Vehicle, the world&#39;s first hybrid Class A motorhome. Built on an electric vehicle&nbsp;platform developed in collaboration with EV manufacturer Harbinger, the vehicle features a low-emissions gasoline range extender capable of recharging the battery system, with an estimated range of 500 miles.
The hybrid RVs will be available in 2025 through the THOR family of companies and are expected to meet Near-Zero Emission Vehicle standards under Advanced Clean Truck legislation adopted by the California Air Resources Board. Per Bob Martin, president and CEO of THOR Industries, the innovative hybrid platform and the ongoing partnership with Harbinger underscore THOR&#39;s leadership and introduce significant product differentiation.
The THOR Test Vehicle is uniquely designed for RV range requirements, exclusively for THOR. This is the first electrified chassis specifically tailored for Class A motorhomes. This platform aims to reduce range anxiety while enhancing travel freedom and sustainability. The hybrid chassis is powered by a 140-kWh battery pack, supplemented by a gasoline range extender and solar rooftop. Its 800-volt electrical system enables fast charging at DC Fast Charger stations, which aids extended travel. Charging can also occur at campsites, through the range extender, or via solar energy to provide flexibility for both on-road and off-grid use.
The hybrid platform can serve as a backup power source for homes and may eventually allow users to sell excess energy back to the grid. The electric powertrain delivers exceptional acceleration and torque, providing up to twice the torque of a diesel engine, ensuring strong highway performance on mountain roads and tough terrain. Harbinger&#39;s chassis design includes all the core systems of an EV, such as the drivetrain, high-voltage battery system, steering and brakes. With a double-wishbone front suspension, a steer-by-wire system and an advanced driver assistance system, the chassis ensures a smooth and safe ride, even for large vehicles.
The THOR Test Vehicle is available for test drives by RV dealers on the THOR RV Experience Track at the Elkhart Dealer Open House, the largest dealer event in North America, from Monday, Sept. 23, 2024, in Elkhart, IN. Dealers will get to experience this future-forward RV and contribute to its market launch.
<h2>THO&#39;s Zacks Rank &amp; Key Picks</h2>
THO currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Dorman Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dorm#NASDAQ">DORM</a>), Blue Bird Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blbd#NASDAQ">BLBD</a>) and Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus estimate for DORM&#39;s 2024 sales and earnings suggests year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 51 cents and 37 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for BLBD&#39;s 2024 sales and earnings suggests year-over-year growth of 17.58% and 215.89%, respectively. EPS estimates for 2024 and 2025 have improved 65 cents and 80 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for PLOW&#39;s 2024 earnings suggests year-over-year growth of 60.4%. EPS estimates for 2024 have improved 15 cents in the past 60 days.
<a href="https://www.zacks.com/stock/news/2340663/thor-harbinger-introduce-world-s-first-hybrid-class-a-motorhome?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2340663">To read this article on Zacks.com click here.</a>

Small Cap

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THOR & Harbinger Introduce World's First Hybrid Class A Motorhome

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