Thor Industries, Inc. (NYSE:THO) Short Interest Up 13.9% in November

Thor Industries, Inc. (NYSE:THO) was the recipient of a significant growth in short interest in November. As of November 29th, there was short interest totalling 9,260,000 shares, a growth of 13.9% from the November 14th total of 8,130,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is presently 8.5 days. Approximately 17.6% of the company’s stock are sold short.

In other Thor Industries news, insider Robert W. Martin purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of $58.82 per share, with a total value of $588,200.00. Following the completion of the acquisition, the insider now directly owns 220,175 shares of the company’s stock, valued at approximately $12,950,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in Thor Industries by 122.2% in the second quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock worth $59,000 after acquiring an additional 550 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new position in shares of Thor Industries in the 3rd quarter worth about $59,000. Pearl River Capital LLC raised its holdings in shares of Thor Industries by 70,000.0% in the 2nd quarter. Pearl River Capital LLC now owns 1,402 shares of the construction company’s stock worth $82,000 after purchasing an additional 1,400 shares during the period. First Manhattan Co. purchased a new position in shares of Thor Industries in the 2nd quarter worth about $84,000. Finally, HM Payson & Co. purchased a new position in shares of Thor Industries in the 2nd quarter worth about $90,000. Institutional investors and hedge funds own 95.05% of the company’s stock.

NYSE THO traded down $0.38 on Friday, reaching $68.84. The stock had a trading volume of 753,404 shares, compared to its average volume of 840,413. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.84 and a current ratio of 1.38. Thor Industries has a 12-month low of $42.05 and a 12-month high of $71.91. The business’s 50-day moving average price is $65.86 and its 200 day moving average price is $56.78. The stock has a market cap of $3.83 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.23 and a beta of 1.94.

Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.27. Thor Industries had a return on equity of 15.72% and a net margin of 2.06%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, sell-side analysts predict that Thor Industries will post 5.82 earnings per share for the current year.

A number of brokerages recently issued reports on THO. Sidoti upped their price target on Thor Industries from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Bank of America lowered their price target on Thor Industries from $47.00 to $45.00 and set an “underperform” rating for the company in a report on Tuesday. CL King downgraded Thor Industries from a “buy” rating to a “neutral” rating in a report on Monday, September 9th. Northcoast Research downgraded Thor Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Thor Industries currently has an average rating of “Hold” and an average target price of $66.89.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

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