Thor Industries, Inc. (NYSE:THO)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $46.87 and last traded at $47.04, with a volume of 94614 shares changing hands. The stock had previously closed at $49.11.

Several research analysts have commented on THO shares. Northcoast Research started coverage on shares of Thor Industries in a report on Friday, June 14th. They issued a “buy” rating and a $67.00 price target for the company. Citigroup cut their price target on shares of Thor Industries from $78.00 to $70.00 in a report on Monday, June 17th. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “strong sell” rating in a report on Wednesday, May 29th. SunTrust Banks reissued a “buy” rating and issued a $80.00 price target on shares of Thor Industries in a report on Tuesday, June 11th. Finally, Wellington Shields downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $72.50.

The stock’s fifty day simple moving average is $57.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 0.91. The stock has a market capitalization of $2.70 billion, a PE ratio of 5.50, a P/E/G ratio of 0.56 and a beta of 1.84.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, June 10th. The construction company reported $1.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.01). Thor Industries had a net margin of 1.74% and a return on equity of 15.53%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Thor Industries, Inc. will post 5.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Friday, June 28th. Thor Industries’s dividend payout ratio is currently 18.25%.

In related news, Director James L. Ziemer acquired 3,545 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was bought at an average cost of $57.23 per share, with a total value of $202,880.35. Following the acquisition, the director now owns 15,263 shares of the company’s stock, valued at approximately $873,501.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC purchased a new position in Thor Industries in the 2nd quarter worth $292,000. Holocene Advisors LP increased its position in shares of Thor Industries by 118.0% in the second quarter. Holocene Advisors LP now owns 14,012 shares of the construction company’s stock valued at $819,000 after acquiring an additional 7,585 shares during the period. Sprott Inc. increased its position in shares of Thor Industries by 7.1% in the second quarter. Sprott Inc. now owns 150,000 shares of the construction company’s stock valued at $8,768,000 after acquiring an additional 10,000 shares during the period. Lodge Hill Capital LLC purchased a new position in shares of Thor Industries in the second quarter valued at about $7,014,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Thor Industries by 91.8% in the second quarter. Tower Research Capital LLC TRC now owns 8,796 shares of the construction company’s stock valued at $514,000 after acquiring an additional 4,211 shares during the period. 85.33% of the stock is owned by institutional investors.

Thor Industries Company Profile (NYSE:THO)

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

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