THOR Industries, Inc. (THO) To Go Ex-Dividend on January 6th

THOR Industries, Inc. (NYSE:THO) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Monday, January 6th will be paid a dividend of 0.50 per share by the construction company on Friday, January 17th. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, January 6th.

THOR Industries has increased its dividend by an average of 4.7% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. THOR Industries has a payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect THOR Industries to earn $6.31 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 31.7%.

THOR Industries Price Performance

THO opened at $96.62 on Friday. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The company’s 50 day simple moving average is $105.06 and its 200 day simple moving average is $103.12. The stock has a market capitalization of $5.14 billion, a PE ratio of 24.71 and a beta of 1.68.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on THO shares. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Bank of America initiated coverage on THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Citigroup lifted their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Truist Financial lifted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $112.33.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by insiders.

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.