Thor Industries, Inc. (THO) Declares $0.39 Quarterly Dividend

Thor Industries, Inc. (NYSE:THO) declared a quarterly dividend on Thursday, March 21st, RTT News reports. Investors of record on Thursday, April 4th will be paid a dividend of 0.39 per share by the construction company on Thursday, April 18th. This represents a $1.56 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, April 3rd.

Thor Industries has increased its dividend by an average of 10.6% per year over the last three years and has raised its dividend every year for the last 9 years. Thor Industries has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Thor Industries to earn $7.44 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 21.0%.

THO stock traded up $0.02 during mid-day trading on Wednesday, reaching $69.28. The company had a trading volume of 549,300 shares, compared to its average volume of 885,759. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 0.83 and a beta of 1.70. Thor Industries has a one year low of $47.71 and a one year high of $111.39.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.23). The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.58 billion. Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. Thor Industries’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same period last year, the business posted $1.51 earnings per share. Analysts predict that Thor Industries will post 5.97 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Friday, February 15th. SunTrust Banks lifted their price target on Thor Industries to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, February 12th. Jefferies Financial Group assumed coverage on Thor Industries in a research note on Thursday, March 28th. They issued a “hold” rating and a $65.00 price target on the stock. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research report on Monday, February 4th. Finally, ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Thor Industries presently has an average rating of “Hold” and a consensus price target of $90.44.

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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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