THOR Industries (NYSE:THO) Hits New 12-Month Low – Should You Sell?

Shares of THOR Industries, Inc. (NYSE:THO) reached a new 52-week low during trading on Monday . The company traded as low as $75.27 and last traded at $75.83, with a volume of 21530 shares traded. The stock had previously closed at $77.08.

Analyst Ratings Changes

THO has been the subject of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Truist Financial lowered their price objective on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. KeyCorp restated an “underweight” rating and issued a $65.00 target price on shares of THOR Industries in a research note on Thursday, March 20th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $93.00.

THOR Industries Price Performance

The firm has a 50-day simple moving average of $93.05 and a two-hundred day simple moving average of $100.89. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

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

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s dividend payout ratio is currently 53.05%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in shares of THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock valued at $604,000 after purchasing an additional 108 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in THOR Industries by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock valued at $1,529,000 after purchasing an additional 112 shares during the period. Sanctuary Advisors LLC increased its position in shares of THOR Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after buying an additional 113 shares in the last quarter. Blue Trust Inc. raised its stake in shares of THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after buying an additional 121 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after buying an additional 121 shares in 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.