Thor Industries, Inc. (NYSE:THO) to Issue Quarterly Dividend of $0.52

Thor Industries, Inc. (NYSE:THO) declared a quarterly dividend on Tuesday, June 16th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.52 per share by the RV manufacturer on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, July 1st.

Thor Industries has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. Thor Industries has a payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Thor Industries to earn $4.56 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 45.6%.

Thor Industries Stock Down 1.3%

Shares of THO opened at $75.03 on Wednesday. The company has a 50-day simple moving average of $77.38 and a 200-day simple moving average of $93.44. The firm has a market capitalization of $3.91 billion, a P/E ratio of 32.48, a P/E/G ratio of 2.02 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. Thor Industries has a 52 week low of $69.71 and a 52 week high of $122.83.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 EPS. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS. On average, equities research analysts expect that Thor Industries will post 3.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on THO. Truist Financial cut their price objective on shares of Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. BNP Paribas Exane began coverage on shares of Thor Industries in a research report on Monday, April 20th. They set a “neutral” rating for the company. Wall Street Zen lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Zacks Research lowered shares of Thor Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Finally, Argus raised shares of Thor Industries to a “hold” rating in a research report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $95.67.

Thor Industries Company Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.