THOR Industries Sees Unusually Large Options Volume (NYSE:THO)

THOR Industries, Inc. (NYSE:THO) saw unusually large options trading on Wednesday. Investors acquired 1,827 call options on the company. This is an increase of approximately 190% compared to the average daily volume of 629 call options.

Institutional Investors Weigh In On THOR Industries

Hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its stake in THOR Industries by 2.5% during the first quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock worth $481,000 after purchasing an additional 100 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in THOR Industries by 0.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock worth $1,638,000 after purchasing an additional 108 shares during the period. Parallel Advisors LLC lifted its stake in THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after purchasing an additional 121 shares during the period. Tortoise Investment Management LLC lifted its stake in THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in THOR Industries by 2.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock worth $670,000 after purchasing an additional 131 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 2.6 %

NYSE THO opened at $107.35 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The firm has a 50-day simple moving average of $102.10 and a 200 day simple moving average of $101.55. THOR Industries has a twelve month low of $84.54 and a twelve month high of $129.31. The stock has a market cap of $5.71 billion, a PE ratio of 21.77 and a beta of 1.67.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup lowered their price target on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Truist Financial dropped their target price on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Robert W. Baird lowered their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research report on Thursday. Finally, Benchmark started coverage on THOR Industries in a research report on Thursday, July 18th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $102.00.

THOR Industries Company Profile

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.