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

THOR Industries, Inc. (NYSE:THO) declared 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 2.49%.

THOR Industries has increased its dividend by an average of 5.3% per year over the last three years and has increased its dividend every year for the last 15 years. THOR Industries has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. 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

Shares of THO opened at $80.17 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. THOR Industries has a 52-week low of $75.78 and a 52-week high of $118.85. The stock’s 50-day simple moving average is $95.49 and its 200 day simple moving average is $101.65.

THOR Industries (NYSE:THO) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries’s revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Research analysts forecast that THOR Industries will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

THO has been the subject of a number of recent analyst reports. Robert W. Baird reduced their price target on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. KeyCorp reaffirmed an “underweight” rating and issued a $65.00 target price on shares of THOR Industries in a research note on Thursday, March 20th. Finally, BMO Capital Markets dropped their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.