THOR Industries (NYSE:THO) Shares Gap Down – Time to Sell?

Shares of THOR Industries, Inc. (NYSE:THO) gapped down prior to trading on Wednesday . The stock had previously closed at $108.49, but opened at $105.06. THOR Industries shares last traded at $105.80, with a volume of 253,208 shares.

Wall Street Analyst Weigh In

Several research firms recently commented on THO. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Truist Financial increased their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Citigroup increased their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.80.

THOR Industries Stock Down 2.7 %

The firm has a market capitalization of $5.61 billion, a P/E ratio of 22.01 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The business’s fifty day moving average price is $109.28 and its two-hundred day moving average price is $102.65.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the business earned $1.68 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. Equities analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. The ex-dividend date was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.89%. THOR Industries’s dividend payout ratio (DPR) is 40.57%.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On THOR Industries

A number of institutional investors have recently bought and sold shares of THO. Pacer Advisors Inc. raised its position in THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after buying an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP raised its position in THOR Industries by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after buying an additional 187,019 shares during the last quarter. Natixis Advisors LLC raised its position in THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after buying an additional 171,244 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in THOR Industries by 46.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock worth $55,108,000 after buying an additional 159,022 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in THOR Industries during the 3rd quarter worth approximately $13,229,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.