Thor Industries, Inc. (NYSE:THO – Get Rating) announced a quarterly dividend on Wednesday, June 22nd, Wall Street Journal reports. Investors of record on Tuesday, July 5th will be paid a dividend of 0.43 per share by the construction company on Tuesday, July 19th. This represents a $1.72 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, July 1st.
Thor Industries has raised its dividend by an average of 3.4% per year over the last three years and has increased its dividend every year for the last 14 years. Thor Industries has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Thor Industries to earn $10.25 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 16.8%.
Shares of Thor Industries stock traded up $2.53 during trading on Wednesday, hitting $75.50. The company’s stock had a trading volume of 965,795 shares, compared to its average volume of 1,083,954. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.70 and a quick ratio of 0.82. Thor Industries has a 52 week low of $66.26 and a 52 week high of $128.87. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 3.76 and a beta of 1.82. The stock has a 50-day moving average price of $77.07 and a two-hundred day moving average price of $87.47.
THO has been the topic of several recent analyst reports. Exane BNP Paribas lowered shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 target price on the stock. in a report on Wednesday, April 13th. Citigroup dropped their target price on shares of Thor Industries from $92.00 to $86.00 and set a “neutral” rating on the stock in a report on Tuesday, April 19th. BMO Capital Markets dropped their target price on shares of Thor Industries from $110.00 to $95.00 in a report on Monday, May 16th. Robert W. Baird dropped their target price on shares of Thor Industries from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, June 9th. Finally, Truist Financial dropped their target price on shares of Thor Industries to $75.00 in a report on Thursday, May 26th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.50.
In other Thor Industries news, Director Peter Busch Orthwein bought 10,000 shares of the firm’s stock in a transaction dated Friday, June 10th. The stock was bought at an average cost of $75.00 per share, with a total value of $750,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $750,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Covestor Ltd grew its position in Thor Industries by 51.7% in the 1st quarter. Covestor Ltd now owns 725 shares of the construction company’s stock worth $57,000 after purchasing an additional 247 shares in the last quarter. Captrust Financial Advisors grew its position in Thor Industries by 18.3% in the 1st quarter. Captrust Financial Advisors now owns 2,420 shares of the construction company’s stock worth $190,000 after purchasing an additional 374 shares in the last quarter. Walleye Capital LLC bought a new stake in Thor Industries in the 1st quarter worth about $237,000. Acadian Asset Management LLC grew its position in Thor Industries by 883.0% in the 1st quarter. Acadian Asset Management LLC now owns 3,126 shares of the construction company’s stock worth $245,000 after purchasing an additional 2,808 shares in the last quarter. Finally, Lido Advisors LLC grew its position in Thor Industries by 4.8% in the 1st quarter. Lido Advisors LLC now owns 3,377 shares of the construction company’s stock worth $265,000 after purchasing an additional 154 shares in the last quarter. 93.11% of the stock is owned by institutional investors.
About Thor Industries (Get Rating)
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.
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