Thor Industries Inc. (THO) Declares Quarterly Dividend of $0.33
Thor Industries Inc. (NYSE:THO) announced a quarterly dividend on Monday, October 10th. Stockholders of record on Monday, October 24th will be given a dividend of 0.33 per share on Monday, November 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from Thor Industries’s previous quarterly dividend of $0.30.
Thor Industries (NYSE:THO) traded down 0.19% during mid-day trading on Monday, hitting $84.69. 503,532 shares of the stock were exchanged. The company has a market cap of $4.44 billion, a P/E ratio of 17.35 and a beta of 1.26. Thor Industries has a one year low of $47.56 and a one year high of $87.08. The company has a 50-day moving average price of $81.75 and a 200-day moving average price of $70.93.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The firm earned $1.29 billion during the quarter. During the same quarter in the previous year, the business posted $1.31 earnings per share. The company’s revenue was up 22.2% compared to the same quarter last year. On average, analysts predict that Thor Industries will post $5.89 earnings per share for the current fiscal year.
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THO has been the subject of several research reports. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, August 3rd. Great Lakes Dredge & Dock Corp. upgraded Thor Industries to a “buy” rating in a report on Wednesday, September 28th. Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Tuesday, September 13th. Wellington Shields upgraded Thor Industries from a “gradually accumulate” rating to a “buy” rating in a report on Wednesday, September 28th. Finally, Wunderlich lowered Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a report on Friday, August 19th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $80.63.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $85.69, for a total value of $400,343.68. Following the transaction, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at approximately $119,987,593.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 8.80% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of THO. Pinkerton Retirement Specialists LLC acquired a new position in shares of Thor Industries during the second quarter valued at approximately $126,000. Panagora Asset Management Inc. boosted its stake in Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock worth $248,000 after buying an additional 2,195 shares in the last quarter. Seven Eight Capital LLC boosted its stake in Thor Industries by 583.3% in the second quarter. Seven Eight Capital LLC now owns 4,100 shares of the company’s stock worth $265,000 after buying an additional 3,500 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Thor Industries during the second quarter worth about $279,000. Finally, Hsbc Holdings PLC boosted its stake in Thor Industries by 10.9% in the second quarter. Hsbc Holdings PLC now owns 5,576 shares of the company’s stock worth $361,000 after buying an additional 549 shares in the last quarter. 85.70% of the stock is currently owned by institutional investors.
About Thor Industries
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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