THOR Industries, Inc. (NYSE:THO) Plans Quarterly Dividend of $0.50

THOR Industries, Inc. (NYSE:THO) announced a quarterly dividend on Tuesday, October 8th, Zacks reports. Investors of record on Friday, November 1st will be given a dividend of 0.50 per share by the construction company on Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48.

THOR Industries has raised its dividend by an average of 4.7% per year over the last three years and has raised its dividend every year for the last 15 years. THOR Industries has a payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect THOR Industries to earn $6.53 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 30.6%.

THOR Industries Trading Down 2.2 %

Shares of NYSE:THO opened at $106.68 on Thursday. The firm has a market capitalization of $5.65 billion, a P/E ratio of 21.64 and a beta of 1.67. THOR Industries has a 12-month low of $85.38 and a 12-month high of $129.31. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $106.66 and a two-hundred day moving average of $101.24.

THOR Industries (NYSE:THO) last announced its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. On average, equities analysts expect that THOR Industries will post 4.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on THO. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Citigroup raised their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Truist Financial boosted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.80.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is owned by corporate insiders.

THOR Industries Company Profile

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.