THOR Industries (NYSE:THO) Reaches New 12-Month Low - Here's Why

THOR Industries, Inc. (NYSE:THO - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $65.91 and last traded at $65.97, with a volume of 418801 shares changing hands. The stock had previously closed at $69.88.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial reduced their target price on THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $100.00 to $85.00 in a report on Friday, April 4th. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, BMO Capital Markets lowered their price objective on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $90.86.

THOR Industries Stock Performance

The stock has a fifty day simple moving average of $86.61 and a 200-day simple moving average of $98.52. The stock has a market cap of $3.66 billion, a P/E ratio of 17.58, a PEG ratio of 1.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO - Get Free Report) last posted 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). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm's quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. On average, equities analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 2.91%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio is presently 53.05%.

Institutional Investors Weigh In On THOR Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atala Financial Inc bought a new position in shares of THOR Industries in the 4th quarter valued at about $27,000. First Horizon Advisors Inc. boosted its position in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after purchasing an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after purchasing an additional 329 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in THOR Industries in the fourth quarter valued at approximately $51,000. Finally, Tortoise Investment Management LLC increased its position in shares of THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after purchasing an additional 253 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.