Thor Industries, Inc. (NYSE:THO) Declares $0.40 Quarterly Dividend

Thor Industries, Inc. (NYSE:THO) announced a quarterly dividend on Wednesday, June 17th, Wall Street Journal reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.40 per share by the construction company on Tuesday, July 14th. This represents a $1.60 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, June 29th.

Thor Industries has raised its dividend by an average of 7,800.0% per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Thor Industries has a payout ratio of 74.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Thor Industries to earn $5.46 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 29.3%.

Shares of NYSE THO opened at $106.40 on Friday. Thor Industries has a twelve month low of $32.30 and a twelve month high of $118.89. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 21.11 and a beta of 2.60. The firm has a 50-day moving average of $92.54 and a two-hundred day moving average of $73.02.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 8th. The construction company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.86. Thor Industries had a net margin of 2.40% and a return on equity of 11.34%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company earned $1.65 EPS. Thor Industries’s revenue was down 32.9% on a year-over-year basis. As a group, research analysts predict that Thor Industries will post 3.41 earnings per share for the current year.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Tuesday, June 16th. Northcoast Research downgraded Thor Industries from a “buy” rating to a “neutral” rating in a report on Wednesday, April 8th. BMO Capital Markets upped their target price on Thor Industries from $55.00 to $98.00 in a report on Wednesday, June 10th. KeyCorp upped their target price on Thor Industries from $62.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Finally, Sidoti dropped their price objective on Thor Industries from $93.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $88.60.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; 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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Dividend History for Thor Industries (NYSE:THO)

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