Thor Industries (NYSE:THO) Reaches New 12-Month Low - Time to Sell?

Key Points

• Thor Industries shares fell 4.1% to a new 52-week low of $67.09, trading below both its 50-day and 200-day moving averages.
• Analysts maintain a consensus “Hold” rating, with an average price target of $84.89; several firms recently lowered their targets to approximately $76–$80.
• The company missed quarterly EPS expectations, reporting $0.78 versus the $0.88 consensus, while revenue exceeded estimates at $2.31 billion but declined 8.4% year over year.

Thor Industries, Inc. (NYSE:THO - Get Free Report) shares reached a new 52-week low on Monday. The company traded as low as $67.09 and last traded at $66.5680, with a volume of 62809 shares. The stock had previously closed at $69.55.

Analyst Upgrades and Downgrades

THO has been the topic of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Thor Industries in a research note on Friday, June 12th. Robert W. Baird cut their price target on Thor Industries from $90.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 23rd. Truist Financial reduced their price target on Thor Industries from $109.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, July 8th. Zacks Research upgraded Thor Industries from a "strong sell" rating to a "hold" rating in a report on Monday, August 24th. Finally, Citigroup cut their target price on Thor Industries from $79.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Thor Industries has a consensus rating of "Hold" and an average target price of $84.89.

Thor Industries Trading Down 4.1%

The company's fifty day simple moving average is $75.35 and its two-hundred day simple moving average is $76.36. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.17 billion. Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. Thor Industries's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.36 EPS. Research analysts forecast that Thor Industries, Inc. will post 4.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in Thor Industries by 865.7% in the 3rd quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer's stock valued at $68,000 after acquiring an additional 883 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Thor Industries by 32.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,310 shares of the RV manufacturer's stock worth $850,000 after purchasing an additional 2,795 shares in the last quarter. Triad Investment Management increased its holdings in Thor Industries by 10.9% during the 2nd quarter. Triad Investment Management now owns 51,900 shares of the RV manufacturer's stock worth $3,901,000 after purchasing an additional 5,088 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of Thor Industries by 4.4% in the 2nd quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer's stock valued at $483,000 after purchasing an additional 271 shares during the period. Finally, Nykredit A S acquired a new stake in shares of Thor Industries in the 2nd quarter valued at about $229,000. Institutional investors own 96.71% of the company's stock.

Thor Industries Company Profile

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor's North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company's other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.

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