THOR Industries, Inc. (NYSE:THO – Get Free Report) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 4,280,000 shares, a decline of 18.0% from the October 31st total of 5,220,000 shares. Approximately 8.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 546,400 shares, the short-interest ratio is presently 7.8 days.

THOR Industries Stock Up 5.2 %

NYSE:THO traded up $5.20 during trading hours on Friday, hitting $104.27. 538,904 shares of the company’s stock traded hands, compared to its average volume of 461,292. The firm has a market cap of $5.56 billion, a P/E ratio of 15.00 and a beta of 1.85. THOR Industries has a twelve month low of $74.00 and a twelve month high of $116.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.63. The stock’s fifty day moving average price is $94.26 and its two-hundred day moving average price is $97.75.

THOR Industries (NYSE:THO – Get Free Report) last posted its quarterly earnings results on Monday, September 25th. The construction company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.73. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.43 billion. THOR Industries had a return on equity of 9.77% and a net margin of 3.37%. THOR Industries’s quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.15 earnings per share. On average, research analysts expect that THOR Industries will post 6.69 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Wednesday, November 1st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.84%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, October 31st. THOR Industries’s payout ratio is presently 27.63%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on THO shares. Citigroup dropped their price objective on THOR Industries from $107.00 to $93.00 in a research note on Thursday, September 28th. StockNews.com started coverage on THOR Industries in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Truist Financial boosted their target price on THOR Industries from $84.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, September 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $115.00 target price on shares of THOR Industries in a research report on Tuesday, September 26th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $72.00 target price on shares of THOR Industries in a research report on Friday, September 22nd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $93.50.

Get Our Latest Analysis on THOR Industries

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of THO. Raymond James Financial Services Advisors Inc. grew its stake in THOR Industries by 14.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company’s stock valued at $862,000 after purchasing an additional 1,423 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in THOR Industries by 11.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock valued at $486,000 after purchasing an additional 629 shares in the last quarter. Private Advisor Group LLC grew its stake in THOR Industries by 20.9% in the first quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock valued at $599,000 after purchasing an additional 1,319 shares in the last quarter. Citigroup Inc. grew its stake in THOR Industries by 39.3% in the first quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock valued at $2,300,000 after purchasing an additional 8,241 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in THOR Industries in the first quarter valued at about $1,068,000. Hedge funds and other institutional investors own 96.52% of the company’s stock.

THOR Industries Company Profile (Get Free Report)

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.

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Original: MarketBeat News Feed: THOR Industries, Inc. (NYSE:THO) Short Interest Down 18.0% in November