Thor Industries, Inc. (THO) To Go Ex-Dividend on June 21st

Thor Industries, Inc. (NYSE:THO) announced a quarterly dividend on Thursday, June 8th, RTT News reports. Shareholders of record on Friday, June 23rd will be paid a dividend of 0.33 per share by the construction company on Wednesday, July 12th. This represents a $1.32 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, June 21st.

Thor Industries has increased its dividend payment by an average of 27.7% annually over the last three years and has increased its dividend every year for the last 7 years. Thor Industries has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Thor Industries to earn $7.22 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 18.3%.

Shares of Thor Industries (NYSE THO) opened at 106.53 on Tuesday. The stock has a market capitalization of $5.60 billion, a P/E ratio of 16.62 and a beta of 1.31. The firm’s 50-day moving average price is $96.50 and its 200 day moving average price is $100.33. Thor Industries has a 52 week low of $60.05 and a 52 week high of $115.74.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business’s quarterly revenue was up 56.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. Analysts expect that Thor Industries will post $6.75 earnings per share for the current year.

Dividend History for Thor Industries (NYSE:THO)

A number of brokerages have recently issued reports on THO. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Thursday, June 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $118.00 price target (up from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $110.00 price target (up from $97.00) on shares of Thor Industries in a research report on Tuesday, June 6th. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the stock a “buy” rating in a research report on Thursday, April 20th. Finally, Wunderlich boosted their price objective on shares of Thor Industries from $80.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, March 7th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $110.18.

In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $103.19, for a total value of $103,190.00. Following the sale, the director now directly owns 5,988 shares of the company’s stock, valued at $617,901.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by insiders.

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Thor Industries Company Profile

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “THO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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