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

THOR Industries, Inc. (NYSE:THO) declared a quarterly dividend on Tuesday, March 25th, RTT News reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.50 per share by the construction company on Tuesday, April 22nd. This represents a $2.00 annualized dividend and a yield of 2.49%.

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 payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 1.3 %

NYSE:THO opened at $80.17 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries has a one year low of $75.78 and a one year high of $118.85. The company has a market cap of $4.27 billion, a PE ratio of 20.50, a PEG ratio of 1.16 and a beta of 1.74. The firm has a 50-day moving average of $95.49 and a 200-day moving average of $101.65.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. As a group, equities research analysts expect that THOR Industries will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on THO shares. Citigroup lowered shares of THOR Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. BMO Capital Markets cut their target price on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. KeyCorp reiterated an “underweight” rating and set a $65.00 price target on shares of THOR Industries in a report on Thursday, March 20th. Finally, Truist Financial decreased their target price on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned 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 price target of $93.00.

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.