Thor Industries, Inc. (THO) To Go Ex-Dividend on April 6th

Thor Industries, Inc. (NYSE:THO) announced a quarterly dividend on Tuesday, March 24th. Stockholders of record on Monday, April 6th will be given a dividend of 0.52 per share by the RV manufacturer on Monday, April 20th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, April 6th.

Thor Industries has raised its dividend payment by an average of 0.0%per year over the last three years and has increased 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. Equities analysts expect Thor Industries to earn $6.22 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 33.4%.

Thor Industries Stock Down 1.8%

Thor Industries stock opened at $81.60 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 0.73. Thor Industries has a 1-year low of $63.15 and a 1-year high of $122.83. The company has a market cap of $4.29 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.61 and a beta of 1.43. The stock’s 50 day moving average price is $103.00 and its 200 day moving average price is $104.17.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.31. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.Thor Industries’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. On average, sell-side analysts predict that Thor Industries will post 4.64 EPS for the current fiscal year.

Analysts Set New Price Targets

THO has been the subject of several recent analyst reports. Roth Mkm raised their price objective on shares of Thor Industries from $93.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Robert W. Baird increased their target price on shares of Thor Industries from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. DA Davidson reduced their price target on shares of Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. BMO Capital Markets decreased their price target on Thor Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, Wall Street Zen cut Thor Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.10.

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.