Trade-Ideas LLC identified

Thor Industries

(

THO

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Thor Industries as such a stock due to the following factors:

  • THO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $34.0 million.
  • THO has traded 7,684 shares today.
  • THO is trading at a new lifetime high.

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More details on THO:

Thor Industries, Inc., through its subsidiaries, designs, manufactures, and sells a range of recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The stock currently has a dividend yield of 1.6%. THO has a PE ratio of 16. Currently there is 1 analyst that rates Thor Industries a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Thor Industries has been 642,200 shares per day over the past 30 days. Thor has a market cap of $3.9 billion and is part of the consumer goods sector and automotive industry. The stock has a beta of 1.23 and a short float of 6.3% with 6.48 days to cover. Shares are up 33.8% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Thor Industries as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • THOR INDUSTRIES INC has improved earnings per share by 26.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, THOR INDUSTRIES INC increased its bottom line by earning $3.80 versus $3.28 in the prior year. This year, the market expects an improvement in earnings ($4.69 versus $3.80).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Automobiles industry average. The net income increased by 25.0% when compared to the same quarter one year prior, rising from $62.85 million to $78.58 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 11.2%. Since the same quarter one year prior, revenues slightly increased by 9.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Automobiles industry and the overall market, THOR INDUSTRIES INC's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
  • Net operating cash flow has significantly increased by 143.36% to $93.04 million when compared to the same quarter last year. In addition, THOR INDUSTRIES INC has also vastly surpassed the industry average cash flow growth rate of 12.98%.

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