Thor Industries (NYSE:THO) Trading Down 3.9%

Thor Industries, Inc. (NYSE:THO)’s stock price dropped 3.9% during trading on Thursday . The stock traded as low as $44.94 and last traded at $43.25, approximately 69,709 shares were traded during trading. A decline of 90% from the average daily volume of 725,919 shares. The stock had previously closed at $44.99.

THO has been the subject of several recent research reports. SunTrust Banks reissued a “buy” rating and set a $80.00 target price on shares of Thor Industries in a research report on Tuesday, June 11th. Northcoast Research began coverage on shares of Thor Industries in a research report on Friday, June 14th. They issued a “buy” rating and a $67.00 price objective for the company. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “strong sell” rating in a research report on Wednesday, May 29th. Wellington Shields downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Citigroup reduced their price objective on shares of Thor Industries from $78.00 to $70.00 in a research report on Monday, June 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.50.

The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 1.07. The stock’s 50-day simple moving average is $56.50 and its 200-day simple moving average is $60.80. The firm has a market capitalization of $2.70 billion, a P/E ratio of 5.00, a P/E/G ratio of 0.55 and a beta of 1.84.

Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 10th. The construction company reported $1.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.01). Thor Industries had a return on equity of 15.53% and a net margin of 1.74%. 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 company posted $2.53 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts expect that Thor Industries, Inc. will post 5.24 EPS for the current year.

In related news, Director James L. Ziemer bought 3,545 shares of the company’s stock in a transaction on Monday, July 8th. The shares were purchased at an average cost of $57.23 per share, for a total transaction of $202,880.35. Following the completion of the purchase, the director now directly owns 15,263 shares in the company, valued at $873,501.49. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 4.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THO. Zions Bancorporation N.A. purchased a new position in Thor Industries in the first quarter valued at about $26,000. Princeton Global Asset Management LLC purchased a new position in Thor Industries in the first quarter valued at about $34,000. Osborn Williams & Donohoe LLC purchased a new position in Thor Industries in the first quarter valued at about $39,000. Captrust Financial Advisors boosted its stake in Thor Industries by 122.2% in the second quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock valued at $59,000 after acquiring an additional 550 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in Thor Industries in the first quarter valued at about $70,000. Hedge funds and other institutional investors own 85.33% of the company’s stock.

About Thor Industries (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.

Featured Article: Why are percentage gainers important?

Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.