THOR Industries (NYSE:THO) Reaches New 12-Month Low Following Weak Earnings

THOR Industries, Inc. (NYSE:THO)’s stock price reached a new 52-week low on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $86.60 and last traded at $80.30, with a volume of 3372 shares traded. The stock had previously closed at $95.23.

The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is currently 51.15%.

Analyst Upgrades and Downgrades

THO has been the subject of several research reports. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $125.00 in a research note on Monday. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Truist Financial raised their target price on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, THOR Industries has an average rating of “Moderate Buy” and an average target price of $114.00.

Institutional Investors Weigh In On THOR Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new stake in THOR Industries in the 3rd quarter valued at $316,000. State of Alaska Department of Revenue lifted its holdings in shares of THOR Industries by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 6,200 shares of the construction company’s stock worth $681,000 after purchasing an additional 415 shares during the period. Stephens Inc. AR purchased a new position in THOR Industries in the 3rd quarter valued at $215,000. Janney Montgomery Scott LLC acquired a new position in THOR Industries in the 3rd quarter valued at $13,229,000. Finally, Harbor Capital Advisors Inc. raised its position in THOR Industries by 102.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,591 shares of the construction company’s stock worth $3,142,000 after buying an additional 14,485 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Price Performance

The company has a market cap of $4.33 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.16 and a beta of 1.69. The company’s 50 day moving average price is $99.82 and its 200 day moving average price is $104.25. 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 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.