Thor Industries (NYSE:THO) Share Price Breaks Below 200-Day Moving Average – Should You Sell?

Shares of Thor Industries, Inc. (NYSE:THO) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $81.25 and traded as low as $79.95. Thor Industries shares last traded at $80.8030, with a volume of 747,774 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on THO shares. Weiss Ratings raised Thor Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Bank of America decreased their price objective on shares of Thor Industries from $96.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Citigroup cut their price objective on shares of Thor Industries from $76.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Robert W. Baird reduced their target price on shares of Thor Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, September 23rd. Finally, Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Thor Industries presently has a consensus rating of “Hold” and an average target price of $85.00.

Thor Industries Trading Down 1.9%

The firm has a market cap of $4.17 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53. The business’s 50 day moving average is $71.46 and its 200-day moving average is $81.25. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $2.36 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts forecast that Thor Industries, Inc. will post 4.09 earnings per share for the current fiscal year.

Thor Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, October 27th will be issued a dividend of $0.54 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.16 annualized dividend and a dividend yield of 2.7%. This is an increase from Thor Industries’s previous quarterly dividend of $0.52. Thor Industries’s dividend payout ratio is presently 63.72%.

Institutional Trading of Thor Industries

Several institutional investors and hedge funds have recently made changes to their positions in THO. Allworth Financial LP bought a new stake in Thor Industries during the second quarter valued at about $26,000. Heritage Family Offices LLP bought a new stake in shares of Thor Industries in the 3rd quarter valued at $28,000. Jacobi Capital Management LLC bought a new position in Thor Industries in the 3rd quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Thor Industries during the 2nd quarter valued at approximately $52,000. Finally, Versant Capital Management Inc grew its stake in shares of Thor Industries by 865.7% in the third quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer’s stock worth $68,000 after acquiring an additional 883 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Company Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.

Thor’s portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.