THOR Industries, Inc. (NYSE:THO – Get 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
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
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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