THOR Industries, Inc. (THO) to Issue Quarterly Dividend of $0.50 on January 17th

THOR Industries, Inc. (NYSE:THO) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Monday, January 6th will be given a dividend of 0.50 per share by the construction company on Friday, January 17th. This represents a $2.00 annualized dividend and a yield of 2.06%. The ex-dividend date is Monday, January 6th.

THOR Industries has raised its dividend by an average of 4.7% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. THOR Industries has a dividend payout ratio of 45.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect THOR Industries to earn $6.31 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 31.7%.

THOR Industries Stock Performance

Shares of THO opened at $97.26 on Friday. THOR Industries has a 52 week low of $88.37 and a 52 week high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.18 billion, a P/E ratio of 24.87 and a beta of 1.67. The business’s 50 day moving average price is $108.14 and its 200-day moving average price is $103.12.

THOR Industries (NYSE:THO) last released its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 earnings per share. Equities research analysts anticipate that THOR Industries will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have recently issued reports on THO. Citigroup upped their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. DA Davidson reaffirmed a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Finally, Truist Financial upped their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $112.33.

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.