Thor Industries (NYSE: THO) is not an exciting stock, but that lack of excitement is what makes it such a good one to buy and hold. Beyond its core business of manufacturing RVs, Thor Industries drives consistent cash flows that sustain balance sheet health while paying dividends and buying back shares. The stock tends to trade in a wide range driven by consumer habits, which is where today’s opportunity lies.
Thor Industries is in the midst of a major industry-wide slump, and its stock price is an attractive entry, trading at the bottom of its range. Weak discretionary spending is weighing on sales, especially in domestic markets. This has impacted the stock price but not enough to impair the capital-return outlook. The takeaway is that THO shares yield approximately 3% while trading at rock-bottom prices and confirming support at the critical level.
