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

THOR Industries, Inc. (NYSE:THOGet Free Report) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Stockholders of record on Monday, January 6th will be given a dividend of 0.50 per share by the construction company on Friday, January 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Monday, January 6th.

THOR Industries has increased its dividend payment by an average of 4.7% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. THOR Industries has a payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.2 %

Shares of NYSE THO opened at $96.62 on Friday. THOR Industries has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 24.71 and a beta of 1.68. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $105.06 and its 200 day simple moving average is $103.12.

Insider Activity

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on THO. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America initiated coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price for the company. Truist Financial lifted their price target on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, Citigroup increased their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.33.

Check Out Our Latest Report on THO

About THOR Industries

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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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Dividend History for THOR Industries (NYSE:THO)

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