THOR Industries (NYSE:THO) Reaches New 12-Month Low – Here’s Why

THOR Industries, Inc. (NYSE:THO) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $78.78 and last traded at $79.05, with a volume of 330306 shares. The stock had previously closed at $82.13.

Analysts Set New Price Targets

A number of research firms have weighed in on THO. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. DA Davidson reduced their price objective on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. BMO Capital Markets reduced their price target on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, THOR Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

THOR Industries Price Performance

The company has a market capitalization of $4.08 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average is $98.20 and its 200-day moving average is $103.30.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Equities analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is currently 53.05%.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors have recently made changes to their positions in THO. Castlekeep Investment Advisors LLC purchased a new stake in THOR Industries during the fourth quarter valued at about $440,000. Neo Ivy Capital Management lifted its stake in shares of THOR Industries by 11.7% in the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock valued at $234,000 after acquiring an additional 257 shares during the last quarter. Waverly Advisors LLC boosted its holdings in THOR Industries by 57.6% during the 4th quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock valued at $530,000 after acquiring an additional 2,023 shares during the period. Vident Advisory LLC increased its stake in THOR Industries by 10.5% in the 4th quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock worth $903,000 after purchasing an additional 897 shares during the period. Finally, Southpoint Capital Advisors LP lifted its position in THOR Industries by 73.2% in the fourth quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock valued at $58,015,000 after purchasing an additional 256,149 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

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.