Thor Industries, Inc. (NYSE:THO) announced a quarterly dividend on Thursday, March 18th, Zacks reports. Shareholders of record on Friday, April 2nd will be paid a dividend of 0.41 per share by the construction company on Friday, April 16th. This represents a $1.64 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, March 31st.
Thor Industries has raised its dividend payment by 15.7% over the last three years and has increased its dividend every year for the last 11 years. Thor Industries has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Thor Industries to earn $8.29 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 19.8%.
Shares of NYSE THO opened at $142.64 on Friday. The business’s 50 day moving average is $125.20 and its two-hundred day moving average is $102.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.40 and a quick ratio of 0.75. Thor Industries has a 1-year low of $32.30 and a 1-year high of $152.20. The stock has a market capitalization of $7.90 billion, a P/E ratio of 27.75 and a beta of 2.42.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, March 8th. The construction company reported $2.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.78. Thor Industries had a return on equity of 13.15% and a net margin of 3.34%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. As a group, equities research analysts anticipate that Thor Industries will post 7.76 earnings per share for the current fiscal year.
In other Thor Industries news, VP Kenneth D. Julian sold 2,000 shares of the company’s stock in a transaction on Thursday, January 14th. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the sale, the vice president now owns 49,764 shares in the company, valued at $5,225,220. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kenneth D. Julian sold 4,532 shares of the company’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $136.61, for a total value of $619,116.52. Following the sale, the vice president now owns 43,498 shares of the company’s stock, valued at approximately $5,942,261.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,729 shares of company stock valued at $1,926,388. 4.10% of the stock is owned by company insiders.
Several research analysts have issued reports on THO shares. KeyCorp boosted their target price on Thor Industries from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist boosted their target price on Thor Industries from $135.00 to $145.00 in a research report on Wednesday, March 10th. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a research report on Tuesday, December 1st. TheStreet upgraded Thor Industries from a “c+” rating to a “b-” rating in a research report on Wednesday. Finally, Wedbush boosted their target price on Thor Industries from $107.00 to $137.00 and gave the company a “neutral” rating in a research report on Wednesday, March 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $120.56.
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. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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.
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