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TheStreet Wire

Thor Industries Inc. (THO): Today's Featured Automotive Winner

By TheStreet Wire 06/04/12 - 05:00 PM EDT

Find out if (THO) is in Cramer's Portfolio.

Thor Industries (THO) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 1.1%. By the end of trading, Thor Industries rose 20 cents (0.7%) to $29.37 on heavy volume. Throughout the day, 1.1 million shares of Thor Industries exchanged hands as compared to its average daily volume of 493,400 shares. The stock ranged in a price between $28.44-$29.45 after having opened the day at $29.17 as compared to the previous trading day's close of $29.17. Other companies within the Automotive industry that increased today were: Spartan Motors (SPAR), up 5.5%, Enova Systems (ENA), up 4.3%, Monro Muffler/Brake (MNRO), up 2.7%, and Supreme Industries (STS), up 2.6%.

Thor Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of various recreation vehicles, and small and mid-size buses, as well as related parts and accessories in the United States and Canada. Thor Industries has a market cap of $1.63 billion and is part of the consumer goods sector. The company has a P/E ratio of 15.1, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Friday. Currently there are three analysts that rate Thor Industries a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Thor Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

You can view the full Thor Ratings Report.

On the negative front, Quantum Fuel Systems Technologies Worldwide (QTWW), down 13.3%, Orbital (OBT), down 7%, Visteon (VC), down 4.7%, and Westport Innovations (WPRT), down 4.4%, were all losers within the automotive industry with PACCAR (PCAR) being today's automotive industry loser.

Use our automotive section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods (SZK).

Find other investment ideas from our top rated ETFs lists.

For more information on Thor Industries Inc. click any of the following:

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