THOR Industries, Inc. (NYSE:THO) Declares $0.50 Quarterly Dividend

THOR Industries, Inc. (NYSE:THO - Get Free Report) announced a quarterly dividend on Tuesday, March 25th, RTT News reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.50 per share by the construction company on Tuesday, April 22nd. This represents a $2.00 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, April 8th.

THOR Industries has raised its dividend by an average of 5.3% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. THOR Industries has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Analysts expect THOR Industries to earn $6.22 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 32.2%.

THOR Industries Price Performance

THOR Industries stock traded down $3.81 during midday trading on Friday, hitting $77.02. 781,027 shares of the company's stock were exchanged, compared to its average volume of 589,163. The company has a market cap of $4.10 billion, a P/E ratio of 19.70, a PEG ratio of 1.16 and a beta of 1.74. 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 stock has a 50-day moving average price of $94.11 and a two-hundred day moving average price of $101.21. THOR Industries has a 52-week low of $75.78 and a 52-week high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities research analysts forecast that THOR Industries will post 4.64 earnings per share for the current year.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and lowered their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. BMO Capital Markets cut their price target on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. DA Davidson lowered their price objective on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Benchmark reissued a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $93.00.

About THOR Industries

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.