Thor Industries (NYSE:THO) Share Price Breaks Above Fifty Day Moving Average – Should You Sell?

Thor Industries, Inc. (NYSE:THO)’s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $71.32 and traded as high as $73.82. Thor Industries shares last traded at $73.5670, with a volume of 724,237 shares changing hands.

Analyst Upgrades and Downgrades

THO has been the topic of several analyst reports. Weiss Ratings lowered Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 28th. Wall Street Zen lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Bank of America decreased their price target on shares of Thor Industries from $96.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Finally, Citigroup cut their price objective on shares of Thor Industries from $76.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.00.

Thor Industries Trading Up 3.5%

The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.97 and a beta of 1.43. The company has a fifty day moving average price of $71.32 and a 200-day moving average price of $82.27.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.36 earnings per share. As a group, research analysts expect that Thor Industries, Inc. will post 4.09 EPS for the current year.

Thor Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, October 27th will be paid a $0.54 dividend. The ex-dividend date is Tuesday, October 27th. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. This is an increase from Thor Industries’s previous quarterly dividend of $0.52. Thor Industries’s dividend payout ratio (DPR) is presently 63.72%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC boosted its stake in shares of Thor Industries by 2.5% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 7,127 shares of the RV manufacturer’s stock worth $492,000 after acquiring an additional 175 shares in the last quarter. Waverly Advisors LLC increased its stake in shares of Thor Industries by 4.4% in the 2nd quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer’s stock valued at $483,000 after purchasing an additional 271 shares in the last quarter. Signaturefd LLC increased its stake in shares of Thor Industries by 37.4% in the 3rd quarter. Signaturefd LLC now owns 1,048 shares of the RV manufacturer’s stock valued at $72,000 after purchasing an additional 285 shares in the last quarter. State of Michigan Retirement System raised its holdings in Thor Industries by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 12,718 shares of the RV manufacturer’s stock worth $1,016,000 after purchasing an additional 300 shares during the period. Finally, Allworth Financial LP acquired a new position in Thor Industries in the 2nd quarter worth about $26,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Company Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.

Thor’s portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.