Todd Woelfer, Chief Operating Officer at
Thor Industries (THOR), recently added 1,225 shares. The buy increased his holdings by 1.8 percent, and came to a total price of just under $100,000.
This follows up on some recent buys from company insiders in the past few months, including two director buys back in June. Buying activity goes back to last December, with insider sales earlier in 2021.
Overall, insiders at the company own about 4.5 percent of shares.
The recreational vehicle manufacturing company is down about 25 percent in the past year, as rising fuel costs and interest rates have slowed interest in recreational vehicles. Yet shares are still going for less than 7 times forward earnings, and the company is coming off a year with strong earnings and revenue growth.
Action to take: With oil prices coming off their highs, and with a likely top in interest rates coming in a few months, shares could be an interesting rebound play now. With shares trading at 0.3 times price to sales, shares look undervalued here. Plus, shares yield about 2.1 percent here, with room for future dividend payouts in the future.
For traders, the January $90 calls, last going for about $7.75, offer mid-to-high double-digit returns in the coming months on a rebound in the stock. As with any call option trade now, consider buying on a down day and taking quick profits on a rally 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.