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

THOR Industries, Inc. (NYSE:THO) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 586,400 shares, the days-to-cover ratio is presently 5.7 days. Approximately 6.7% of the shares of the stock are sold short.

THOR Industries Price Performance

Shares of THO stock traded up $1.26 during trading hours on Monday, reaching $103.79. The company’s stock had a trading volume of 667,568 shares, compared to its average volume of 621,617. The firm’s 50 day simple moving average is $99.96 and its 200-day simple moving average is $104.15. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.17 and a beta of 1.69. THOR Industries has a fifty-two week low of $88.37 and a fifty-two week 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.

THOR Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On THOR Industries

Several hedge funds have recently modified their holdings of THO. Madison Investment Advisors LLC acquired a new stake in shares of THOR Industries during the 4th quarter valued at $95,688,000. ACR Alpine Capital Research LLC boosted its holdings in shares of THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after acquiring an additional 619,318 shares in the last quarter. Norges Bank acquired a new stake in shares of THOR Industries during the 4th quarter valued at $54,754,000. Raymond James Financial Inc. acquired a new stake in shares of THOR Industries during the 4th quarter valued at $52,497,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

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.