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

THOR Industries, Inc. (NYSE:THO) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,370,000 shares, a growth 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 currently 5.7 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On THOR Industries

Several hedge funds have recently modified their holdings of the business. ACR Alpine Capital Research LLC increased its holdings in THOR Industries by 40.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after buying an additional 619,318 shares during the period. Timucuan Asset Management Inc. FL increased its holdings in shares of THOR Industries by 16.2% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock valued at $195,130,000 after acquiring an additional 283,744 shares during the period. State Street Corp increased its holdings in shares of THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after acquiring an additional 33,619 shares during the period. JPMorgan Chase & Co. raised its position in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock worth $128,767,000 after purchasing an additional 31,416 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THOR Industries stock opened at $103.79 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $99.96 and its 200-day moving average price is $104.15. The firm 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 12 month low of $88.37 and a 12 month high of $129.31.

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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is 51.15%.

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.