Thor Industries, Inc. (NYSE:THO) declared a quarterly dividend on Monday, December 11th, RTT News reports. Stockholders of record on Tuesday, December 26th will be given a dividend of 0.37 per share by the construction company on Tuesday, January 9th. This represents a $1.48 annualized dividend and a dividend yield of 0.99%.
Thor Industries has increased its dividend by an average of 27.7% per year over the last three years and has raised its dividend every year for the last 7 years. Thor Industries has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Thor Industries to earn $9.85 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 15.0%.
Thor Industries (THO) traded down $0.95 during trading on Monday, hitting $150.15. 395,693 shares of the stock traded hands, compared to its average volume of 706,112. The company has a market capitalization of $7,920.00, a price-to-earnings ratio of 18.82 and a beta of 1.45. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. Thor Industries has a fifty-two week low of $87.96 and a fifty-two week high of $156.86.
THO has been the subject of a number of recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Tuesday, September 5th. Northcoast Research reiterated a “buy” rating and issued a $145.00 target price (up previously from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. Canaccord Genuity reiterated a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Finally, SunTrust Banks increased their target price on shares of Thor Industries and gave the company a “buy” rating in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Thor Industries has a consensus rating of “Buy” and an average target price of $124.33.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.75, for a total transaction of $153,750.00. Following the completion of the sale, the director now directly owns 4,988 shares of the company’s stock, valued at $766,905. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.
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Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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