THOR Industries, Inc. (THO) To Go Ex-Dividend on November 1st

THOR Industries, Inc. (NYSE:THO) announced a quarterly dividend on Tuesday, October 8th, Zacks reports. Investors of record on Friday, November 1st will be paid a dividend of 0.50 per share by the construction company on Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48.

THOR Industries has increased its dividend by an average of 4.7% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. THOR Industries has a dividend payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Analysts expect THOR Industries to earn $6.53 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 30.6%.

THOR Industries Trading Up 2.4 %

NYSE THO opened at $109.05 on Wednesday. THOR Industries has a 12 month low of $84.54 and a 12 month high of $129.31. The stock has a market capitalization of $5.77 billion, a P/E ratio of 22.12 and a beta of 1.67. The firm’s 50-day moving average is $106.60 and its two-hundred day moving average is $101.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. On average, sell-side analysts anticipate that THOR Industries will post 4.85 earnings per share for the current year.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the sale, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

THO has been the subject of a number of research analyst reports. Citigroup raised their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. DA Davidson reaffirmed a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, THOR Industries has an average rating of “Moderate Buy” and a consensus target price of $110.80.

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.