THOR Industries Target of Unusually High Options Trading (NYSE:THO)

THOR Industries, Inc. (NYSE:THO) saw some unusual options trading activity on Wednesday. Traders purchased 1,827 call options on the company. This represents an increase of approximately 190% compared to the typical volume of 629 call options.

Hedge Funds Weigh In On THOR Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in THO. Norges Bank bought a new position in shares of THOR Industries during the fourth quarter worth $65,391,000. Pacer Advisors Inc. boosted its position in shares of THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after purchasing an additional 187,019 shares in the last quarter. Scout Investments Inc. boosted its position in shares of THOR Industries by 89.7% during the fourth quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock worth $28,309,000 after purchasing an additional 113,201 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Robert W. Baird lowered their price target on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Benchmark started coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a “hold” rating for the company. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday. Finally, Citigroup lowered their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, THOR Industries currently has an average rating of “Hold” and a consensus price target of $102.00.

THOR Industries Price Performance

THO opened at $107.35 on Friday. The company has a fifty day moving average price of $102.10 and a two-hundred day moving average price of $101.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. THOR Industries has a 52 week low of $84.54 and a 52 week high of $129.31. The firm has a market capitalization of $5.71 billion, a PE ratio of 21.77 and a beta of 1.67.

About THOR Industries

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.