Thor Industries, Inc. (NYSE:THO) Sees Significant Growth in Short Interest
Thor Industries, Inc. (NYSE:THO) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,930,000 shares, an increase of 35.3% from the September 30th total of 6,600,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 8.4 days. Approximately 17.0% of the shares of the company are short sold.
In other Thor Industries news, insider Robert W. Martin purchased 10,000 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were bought at an average cost of $58.82 per share, with a total value of $588,200.00. Following the transaction, the insider now directly owns 220,175 shares in the company, valued at approximately $12,950,693.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in THO. Captrust Financial Advisors increased its stake in shares of Thor Industries by 122.2% in the 2nd quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock valued at $59,000 after purchasing an additional 550 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new position in Thor Industries during the 3rd quarter worth about $59,000. Pearl River Capital LLC lifted its holdings in Thor Industries by 70,000.0% during the 2nd quarter. Pearl River Capital LLC now owns 1,402 shares of the construction company’s stock worth $82,000 after buying an additional 1,400 shares during the period. First Manhattan Co. acquired a new position in Thor Industries during the 2nd quarter worth about $84,000. Finally, HM Payson & Co. acquired a new position in Thor Industries during the 2nd quarter worth about $90,000. 87.67% of the stock is owned by institutional investors.
NYSE:THO traded down $0.07 during mid-day trading on Tuesday, hitting $67.54. The company had a trading volume of 895 shares, compared to its average volume of 1,000,642. Thor Industries has a fifty-two week low of $42.05 and a fifty-two week high of $72.48. The business’s fifty day moving average is $58.86 and its two-hundred day moving average is $56.20. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.84 and a current ratio of 1.41. The firm has a market cap of $3.74 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.03 and a beta of 1.97.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, September 30th. The construction company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.27. Thor Industries had a return on equity of 15.50% and a net margin of 1.69%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities analysts forecast that Thor Industries will post 5.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a $0.40 dividend. This is an increase from Thor Industries’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, October 24th. Thor Industries’s dividend payout ratio is 30.89%.
About Thor Industries
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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