Thor Industries (NYSE:THO) Hits New 52-Week Low – What’s Next?

Shares of Thor Industries, Inc. (NYSE:THO) reached a new 52-week low on Tuesday . The company traded as low as $72.82 and last traded at $73.6930, with a volume of 39580 shares. The stock had previously closed at $74.66.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on THO. Truist Financial cut their price target on Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. BMO Capital Markets decreased their price objective on shares of Thor Industries from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. BNP Paribas Exane started coverage on shares of Thor Industries in a research report on Monday, April 20th. They issued a “neutral” rating on the stock. DA Davidson cut their target price on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Finally, Loop Capital set a $133.00 price target on shares of Thor Industries in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $105.60.

Thor Industries Trading Down 0.0%

The firm has a market capitalization of $3.93 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34. The business’s 50-day moving average is $80.76 and its 200 day moving average is $98.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 0.73.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. Thor Industries had a net margin of 3.02% and a return on equity of 6.96%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. As a group, analysts anticipate that Thor Industries, Inc. will post 3.75 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 6th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. Thor Industries’s dividend payout ratio is currently 64.60%.

Insider Buying and Selling

In related news, Director Peter Busch Orthwein acquired 2,600 shares of the company’s stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $88.25 per share, with a total value of $229,450.00. Following the acquisition, the director directly owned 139,000 shares of the company’s stock, valued at approximately $12,266,750. The trade was a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of THO. Foster Dykema Cabot & Partners LLC bought a new stake in Thor Industries during the third quarter worth about $27,000. V Square Quantitative Management LLC bought a new position in Thor Industries in the 4th quarter valued at about $29,000. Curio Wealth LLC acquired a new position in shares of Thor Industries in the 4th quarter valued at approximately $36,000. Danske Bank A S acquired a new position in shares of Thor Industries in the 3rd quarter valued at approximately $41,000. Finally, eCIO Inc. bought a new stake in shares of Thor Industries during the 4th quarter worth approximately $49,000. Institutional investors own 96.71% of the company’s stock.

About Thor Industries

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.