Thor Industries Inc. (THO) Raises Dividend to $0.33 Per Share
Thor Industries Inc. (NYSE:THO) declared a quarterly dividend on Monday, October 10th. Stockholders of record on Monday, October 24th will be paid a dividend of 0.33 per share on Monday, November 7th. This represents a $1.32 annualized dividend and a dividend yield of 1.56%. This is an increase from Thor Industries’s previous quarterly dividend of $0.30.
Thor Industries (NYSE:THO) opened at 84.69 on Tuesday. Thor Industries has a one year low of $47.56 and a one year high of $87.08. The stock’s 50 day moving average price is $81.90 and its 200 day moving average price is $71.23. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 17.35 and a beta of 1.26.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating the 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 company had revenue of $1.29 billion for the quarter. During the same period last year, the business earned $1.31 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Equities analysts predict that Thor Industries will post $5.89 earnings per share for the current fiscal year.
Several equities research analysts recently commented on THO shares. Great Lakes Dredge & Dock Corp. raised Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. SunTrust Banks Inc. raised Thor Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $90.00 in a research report on Friday, July 29th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Thursday, July 14th. Wellington Shields raised Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. Finally, Northcoast Research raised Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, September 13th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Thor Industries currently has a consensus rating of “Buy” and a consensus price target of $80.63.
In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the firm’s stock in a transaction dated 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 owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.80% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Thor Industries by 13.0% in the second quarter. BlackRock Inc. now owns 24,346 shares of the company’s stock valued at $1,576,000 after buying an additional 2,793 shares during the period. BlackRock Fund Advisors increased its stake in shares of Thor Industries by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,860 shares of the company’s stock valued at $105,711,000 after buying an additional 97,767 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Thor Industries by 5.2% in the second quarter. Ameritas Investment Partners Inc. now owns 7,220 shares of the company’s stock valued at $467,000 after buying an additional 357 shares during the period. Columbia Partners L L C Investment Management acquired a new stake in shares of Thor Industries during the second quarter valued at about $2,051,000. Finally, Burney Co. acquired a new stake in shares of Thor Industries during the second quarter valued at about $512,000. 85.70% of the stock is currently owned by hedge funds and other institutional investors.
Thor Industries Company Profile
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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