Short Interest in THOR Industries, Inc. (NYSE:THO) Grows By 15.4%

THOR Industries, Inc. (NYSE:THO) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,370,000 shares, an increase of 15.4% from the January 15th total of 2,920,000 shares. Approximately 6.7% of the company’s shares are sold short. Based on an average trading volume of 586,400 shares, the days-to-cover ratio is presently 5.7 days.

Analyst Ratings Changes

Several equities analysts have recently commented on THO shares. Truist Financial upped their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America started coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $113.17.

THOR Industries Stock Up 1.2 %

THOR Industries stock traded up $1.26 during mid-day trading on Monday, reaching $103.79. 667,568 shares of the company’s stock were exchanged, compared to its average volume of 621,617. The company has a market cap of $5.52 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.17 and a beta of 1.69. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $99.96 and a 200-day moving average of $104.15.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.93%. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

Institutional Investors Weigh In On THOR Industries

A number of hedge funds have recently added to or reduced their stakes in THO. Atala Financial Inc purchased a new stake in shares of THOR Industries in the 4th quarter valued at approximately $27,000. Van ECK Associates Corp purchased a new stake in shares of THOR Industries in the 3rd quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its position in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of THOR Industries in the 3rd quarter valued at approximately $38,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after purchasing an additional 329 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Company Profile

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.