THOR Industries (NYSE:THO) Sets New 1-Year Low - What's Next?

Shares of THOR Industries, Inc. (NYSE:THO - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $70.25 and last traded at $72.42, with a volume of 661551 shares changing hands. The stock had previously closed at $74.26.

Analyst Ratings Changes

THO has been the subject of a number of analyst reports. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. Robert W. Baird downgraded THOR Industries from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $100.00 to $85.00 in a report on Friday, April 4th. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research note on Monday, April 14th. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Finally, Baird R W cut shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $87.57.

THOR Industries Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The firm has a market cap of $3.97 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The stock has a 50-day simple moving average of $77.00 and a two-hundred day simple moving average of $94.19.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.68%. THOR Industries's dividend payout ratio (DPR) is currently 53.05%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of THOR Industries by 1.7% during the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock worth $604,000 after acquiring an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in THOR Industries by 0.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock worth $1,529,000 after purchasing an additional 112 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after purchasing an additional 113 shares during the last quarter. Blue Trust Inc. grew its position in shares of THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after purchasing an additional 121 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 96.71% of the company's stock.

About THOR Industries

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.