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

Thor Industries, Inc. (NYSE:THO) announced 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 annualized dividend 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. Equities 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 Trading Up 1.8%

NYSE:THO opened at $65.14 on Wednesday. The business’s 50-day moving average is $73.69 and its two-hundred day moving average is $75.68. The firm has a market capitalization of $3.36 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Thor Industries has a 12 month low of $62.83 and a 12 month high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 0.85.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Waverly Advisors LLC increased its holdings in shares of Thor Industries by 4.4% in the second quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer’s stock valued at $483,000 after purchasing an additional 271 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Thor Industries by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 12,718 shares of the RV manufacturer’s stock worth $1,016,000 after buying an additional 300 shares in the last quarter. Allworth Financial LP bought a new position in Thor Industries in the 2nd quarter valued at $26,000. Oregon Public Employees Retirement Fund boosted its position in Thor Industries by 3.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,863 shares of the RV manufacturer’s stock valued at $868,000 after buying an additional 371 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Thor Industries by 0.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 62,451 shares of the RV manufacturer’s stock valued at $4,989,000 after buying an additional 405 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

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.