THOR Industries, Inc. (NYSE:THO) Short Interest Up 15.4% in January

THOR Industries, Inc. (NYSE:THO - Get Free Report) saw a significant increase in short interest in 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. Based on an average daily trading volume, of 586,400 shares, the days-to-cover ratio is currently 5.7 days. Approximately 6.7% of the shares of the company are short sold.

THOR Industries Stock Performance

THOR Industries stock traded down $1.31 during midday trading on Thursday, hitting $100.58. The stock had a trading volume of 386,229 shares, compared to its average volume of 582,216. The firm's fifty day moving average is $99.71 and its two-hundred day moving average is $104.16. The company has a market capitalization of $5.35 billion, a PE ratio of 25.72, a P/E/G ratio of 1.20 and a beta of 1.69. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

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 given 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 dividend yield of 1.99%. THOR Industries's dividend payout ratio is currently 51.15%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on THO. Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of THOR Industries from a "hold" rating to a "sell" rating in a research note on Wednesday. Truist Financial lifted their target price 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. Finally, Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a "neutral" rating and a $120.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $113.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of THO. JPMorgan Chase & Co. lifted its position in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after buying an additional 411,466 shares during the last quarter. Natixis Advisors LLC grew its stake in THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. State Street Corp grew its stake in THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Jade Capital Advisors LLC purchased a new position in THOR Industries in the third quarter valued at about $4,121,000. Finally, Radnor Capital Management LLC acquired a new stake in THOR Industries in the third quarter worth about $631,000. 96.71% of the stock is currently owned by institutional investors.

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.