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

THOR Industries, Inc. (NYSE:THO) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 586,400 shares, the short-interest ratio is presently 5.7 days. Currently, 6.7% of the company’s stock are sold short.

Institutional Trading of THOR Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Madison Investment Advisors LLC bought a new position in shares of THOR Industries during the fourth quarter worth approximately $95,688,000. ACR Alpine Capital Research LLC increased its stake in shares of 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 worth $205,103,000 after purchasing an additional 619,318 shares during the period. Norges Bank bought a new position in shares of THOR Industries during the fourth quarter worth approximately $54,754,000. Raymond James Financial Inc. bought a new position in shares of THOR Industries during the fourth quarter worth approximately $52,497,000. Finally, JPMorgan Chase & Co. increased its stake in shares of THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

NYSE:THO traded up $1.26 on Monday, hitting $103.79. The company’s stock had a trading volume of 667,568 shares, compared to its average volume of 621,617. 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 has a fifty day moving average of $99.96 and a two-hundred day moving average of $104.15. The firm has a market capitalization of $5.52 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. THOR Industries has a one year low of $88.37 and a one year high of $129.31.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 1.93%. THOR Industries’s dividend payout ratio is 51.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Benchmark reaffirmed 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. Truist Financial upped their price objective on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, Bank of America assumed coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $113.17.

About THOR Industries

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.