THOR Industries, Inc. (THO) to Issue Quarterly Dividend of $0.50 on April 22nd

THOR Industries, Inc. (NYSE:THO) announced a quarterly dividend on Tuesday, March 25th, RTT News reports. Stockholders of record on Tuesday, April 8th will be paid a dividend of 0.50 per share by the construction company on Tuesday, April 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, April 8th.

THOR Industries has raised its dividend by an average of 5.3% per year over the last three years and has raised its dividend every year for the last 15 years. THOR Industries has a dividend payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect THOR Industries to earn $6.22 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 32.2%.

THOR Industries Stock Performance

THOR Industries stock opened at $71.33 on Friday. The firm has a market capitalization of $3.80 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. THOR Industries has a one year low of $66.00 and a one year high of $118.85. The stock’s 50 day moving average price is $91.38 and its 200 day moving average price is $100.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. As a group, sell-side analysts expect that THOR Industries will post 4.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on THO shares. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. DA Davidson dropped their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and reduced their target price for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Robert W. Baird lowered shares of THOR Industries from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $100.00 to $85.00 in a research note on Friday. Finally, StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, THOR Industries presently has an average rating of “Hold” and a consensus target price of $90.86.

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. 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.