Could Thor Industries Inc (NYSE:THO) Skyrocket? The Stock Has Too Many Sellers

July 14, 2018 - By Anthony Romero

Thor Industries, Inc. (NYSE:THO) Logo

Investors sentiment decreased to 0.96 in 2018 Q1. Its down 0.20, from 1.16 in 2017Q4. It dropped, as 68 investors sold Thor Industries, Inc. shares while 139 reduced holdings. 58 funds opened positions while 141 raised stakes. 45.19 million shares or 4.78% more from 43.13 million shares in 2017Q4 were reported.
Piedmont Investment Advsrs Limited Liability, a North Carolina-based fund reported 4,985 shares. Mason Street Advisors Limited Liability owns 24,614 shares or 0.07% of their US portfolio. Ledyard Commercial Bank has invested 0% in Thor Industries, Inc. (NYSE:THO). Moreover, Guggenheim Capital Llc has 0.02% invested in Thor Industries, Inc. (NYSE:THO). Jump Trading Ltd Limited Liability Company accumulated 0.02% or 2,261 shares. Eagle Ridge Investment owns 74,584 shares. Van Berkom & holds 371,739 shares or 1.3% of its portfolio. Morgan Stanley invested in 250,338 shares. Icon Advisers Incorporated owns 65,088 shares. State Board Of Administration Of Florida Retirement Sys accumulated 0.02% or 60,316 shares. Shellback Lp has invested 1.86% in Thor Industries, Inc. (NYSE:THO). Proshare Advsr Ltd Llc stated it has 4,383 shares. Marietta Invest Partners Ltd Llc holds 0.26% of its portfolio in Thor Industries, Inc. (NYSE:THO) for 7,522 shares. Neuberger Berman Group Ltd Company holds 0.1% or 793,187 shares in its portfolio. Huntington Natl Bank stated it has 150 shares or 0% of all its holdings.

The stock of Thor Industries Inc (NYSE:THO) registered an increase of 16.22% in short interest. THO’s total short interest was 4.28M shares in July as published by FINRA. Its up 16.22% from 3.69 million shares, reported previously. With 979,800 shares average volume, it will take short sellers 4 days to cover their THO’s short positions. The short interest to Thor Industries Inc’s float is 8.48%.

The stock increased 0.29% or $0.29 during the last trading session, reaching $99.97. About 554,622 shares traded. Thor Industries, Inc. (NYSE:THO) has risen 3.20% since July 14, 2017 and is uptrending. It has underperformed by 9.37% the S&P500.

Thor Industries, Inc., through its subsidiaries, designs, makes, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. The company has market cap of $5.27 billion. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles divisions. It has a 12.03 P/E ratio. The firm offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

Thor Industries, Inc. (NYSE:THO) Ratings Coverage

Among 8 analysts covering Thor Industries Inc (NYSE:THO), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Thor Industries Inc had 12 analyst reports since January 25, 2018 according to SRatingsIntel. The stock of Thor Industries, Inc. (NYSE:THO) has “Hold” rating given on Thursday, January 25 by Northcoast. The firm has “Buy” rating given on Thursday, March 8 by Aegis Capital. Stifel Nicolaus maintained the shares of THO in report on Thursday, March 8 with “Hold” rating. Northcoast maintained the shares of THO in report on Tuesday, February 27 with “Hold” rating. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, May 1. The stock has “Buy” rating by Argus Research on Friday, March 16. Citigroup maintained Thor Industries, Inc. (NYSE:THO) on Thursday, June 21 with “Buy” rating. The firm has “Hold” rating given on Friday, February 9 by Stifel Nicolaus. The firm earned “Hold” rating on Monday, May 7 by Stifel Nicolaus.

Thor Industries, Inc. (NYSE:THO) Institutional Positions Chart

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