Thor Industries, Inc. (NYSE:THO)
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The Company produces and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.
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The Company produces and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.
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Thor has been active on the acquisition trail, in early October they announced that its Eldorado National Kansas subsidiary had purchased the bus operation assets of Krystal Infinity for $3.9 million in cash. They plan on moving the assets to Salina, Kansas and will produce the buses there. This should boost sales by $30 million. The worlds largest manufacturer of RVs and major builder of commercial buses and ambulances finished 2012 with 18% year over year earnings advance. Wall Street has started to take notice since shares are up 30% since August. In September they upped the dividend by 20% making it the third increase in three years.