THOR Industries (NYSE:THO) Hits New 12-Month Low - Time to Sell?

THOR Industries, Inc. (NYSE:THO - Get Free Report)'s stock price hit a new 52-week low during mid-day 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.

Analysts Set New Price Targets

THO has been the topic of several recent research reports. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Citigroup downgraded THOR Industries from a "buy" rating to a "neutral" rating and cut their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. DA Davidson decreased their target price on THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Bank of America upgraded THOR Industries from a "neutral" rating to a "buy" rating and increased their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, Robert W. Baird reduced their price objective 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $93.00.

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THOR Industries Stock Down 9.9 %

The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The business has a 50 day moving average of $92.58 and a 200 day moving average of $100.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO - Get Free Report) last issued its earnings results 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.13 earnings per share. THOR Industries's revenue was down 8.6% on a year-over-year basis. On average, equities analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is 53.05%.

Institutional Investors Weigh In On THOR Industries

Several institutional investors and hedge funds have recently made changes to their positions in THO. Madison Investment Advisors LLC bought a new stake in THOR Industries during the fourth quarter worth about $95,688,000. ACR Alpine Capital Research LLC increased its holdings in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after purchasing an additional 619,318 shares in the last quarter. Norges Bank acquired a new position in THOR Industries in the fourth quarter worth $54,754,000. Raymond James Financial Inc. bought a new stake in shares of THOR Industries during the fourth quarter worth $52,497,000. Finally, JPMorgan Chase & Co. increased its stake in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after buying an additional 411,466 shares in the last quarter. Institutional investors and hedge funds 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.