Aug. 30, 2025 1:15 PM ETTHOR Industries, Inc. (THO) StockTHOSander Heio134 FollowersSummaryTHO’s momentum is strong: +17% YTD, +14.6% last month, +37% in 3 months, aided by rising volume and beats on both EPS and revenue.Q3 net sales +3.3%; North America Towable lifted gross margin to 15.3% (+20 bps), while Europe lagged but improved QoQ; backlogs fell across segments.Gross margin YTD 13.7% vs. guide 13.8–14.5%; hitting 14.5% likely needs an unusually strong Q4; management is cautious on NA and Europe Motorized demand.Balance sheet stronger: ~$140m debt repaid YTD, interest nearly halved; $400m buyback authorized—EPS aided, but gains mainly from higher gross profit.Valuation looks stretched and leans on 2026 growth; my discounted EPS cases imply ~$114 base, $145 best, $68 worst—so I maintain HOLD despite momentum.jetcityimage/iStock Editorial via Getty ImagesIntroductionThor Industries (NYSE:THO) has seen strong performance in the past months and is up 17% YTD. Just the past month, THO is up 14.6%, and the last three months, THO has increased more than 37%, showing strong signs ofThis article was written bySander Heio134 FollowersHi, my name is Sander Pettersen Heio, I am from Norway. My primary focus is on foreign stocks, particularly within the Nordic market, where I analyze companies across various industries, from stable blue-chip firms to emerging market leaders. In addition to Nordic equities, I write about growth stocks in the U.S. market, providing in-depth research on companies with high potential for long-term expansion. My goal is to uncover undervalued opportunities and exploring unique business models. My ultimate goal is to help investors make informed, strategic decisions.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For You