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

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

THOR Industries has raised its dividend payment by an average of 4.7% annually over the last three years and has increased its dividend every year for the last 15 years. THOR Industries has a payout ratio of 45.0% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.0 %

Shares of THOR Industries stock opened at $97.26 on Friday. THOR Industries has a twelve month low of $88.37 and a twelve month 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 business has a 50-day moving average price of $108.14 and a 200-day moving average price of $103.12. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 24.87 and a beta of 1.67.

THOR Industries (NYSE:THO) last released its quarterly earnings data 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. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. Equities research analysts anticipate that THOR Industries will post 4.67 EPS for the current fiscal year.

Analyst Ratings Changes

THO has been the subject of a number of recent research reports. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Bank of America began coverage on THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 target price on the stock. Finally, StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $112.33.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value 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 3.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by company insiders.

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.