Thor Industries, Inc. (NYSE:THO) to Issue Quarterly Dividend of $0.54

Thor Industries, Inc. (NYSE:THO) declared a quarterly dividend on Tuesday, October 13th. Investors of record on Tuesday, October 27th will be paid a dividend of $0.54 per share by the RV manufacturer on Tuesday, November 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, October 27th. This is a 3.8% increase from Thor Industries’s previous quarterly dividend of $0.52.

Thor Industries has a dividend payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Thor Industries to earn $5.52 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 37.7%.

Thor Industries Price Performance

Shares of Thor Industries stock opened at $65.14 on Wednesday. The business’s fifty day moving average price is $73.69 and its 200 day moving average price is $75.68. Thor Industries has a twelve month low of $62.83 and a twelve month high of $122.83. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.36 billion, a P/E ratio of 19.22, a PEG ratio of 0.87 and a beta of 1.43.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted $2.36 EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts anticipate that Thor Industries will post 4.09 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on THO shares. Truist Financial upped their target price on Thor Industries from $80.00 to $87.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Robert W. Baird reduced their price target on Thor Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. BMO Capital Markets reduced their price target on Thor Industries from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 15th. Bank of America decreased their price target on Thor Industries from $96.00 to $86.00 and set a “buy” rating for the company in a report on Monday, September 21st. Finally, Weiss Ratings downgraded shares of Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Thor Industries presently has a consensus rating of “Hold” and an average price target of $85.00.

Thor Industries Company Profile

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor’s North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company’s other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.