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

THOR Industries Stock Performance

Shares of THO stock traded up $1.26 during mid-day trading on Monday, hitting $103.79. The stock had a trading volume of 667,568 shares, compared to its average volume of 621,617. THOR Industries has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The firm has a market cap of $5.52 billion, a PE ratio of 26.54, a PEG ratio of 1.17 and a beta of 1.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company’s 50-day simple moving average is $99.96 and its 200-day simple moving average is $104.15.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were paid a $0.50 dividend. 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 presently 51.15%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of THOR Industries

Hedge funds have recently made changes to their positions in the company. Atala Financial Inc acquired a new stake in shares of THOR Industries in the 4th quarter worth $27,000. Van ECK Associates Corp acquired a new stake in shares of THOR Industries in the 3rd quarter worth $32,000. First Horizon Advisors Inc. lifted its stake 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 worth $32,000 after acquiring an additional 121 shares during the period. Brooklyn Investment Group acquired a new stake in shares of THOR Industries in the 3rd quarter worth $38,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of THOR Industries by 369.7% in the fourth 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 period. Institutional investors and hedge funds own 96.71% of the company’s stock.

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.