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Thor Industries Declares Dividend of $0.33 per Share

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Price movement

Thor Industries (THO) has a market cap of $4.5 billion. It fell 0.19% to close at $84.69 per share on October 10, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.4%, 8.6%, and 52.3%, respectively, on the same day.

THO is trading 2.7% above its 20-day moving average, 5.4% above its 50-day moving average, and 29.1% above its 200-day moving average.

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Related ETF and peers

The iShares Morningstar Small Core ETF (JKJ) invests 0.62% of its holdings in Thor Industries. The ETF tracks a market cap–weighted index of US small-cap core stocks. The index selects stocks from 90%–97% of market cap that falls into Morningstar’s core style categorization. The YTD price movement of JKJ was 12.5% on October 10.

The market caps of Thor Industries’ competitors are as follows:

  • Berkshire Hathaway (BRK.A): $357.1 billion
  • Drew Industries (DW): $2.4 billion

Thor Industries declared dividend

Thor Industries (THO) declared a regular quarterly dividend of $0.33 per share, a rise of 10%, on its common stock. The dividend will be paid on November 7, 2016, to shareholders of record at the close of business on October 24, 2016.

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Performance of Thor Industries in fiscal 4Q16

Thor Industries reported fiscal 4Q16 net sales of $1.3 billion, a YoY (year-over-year) rise of 18.2%, compared to net sales of $1.1 billion in fiscal 4Q15.

Sales of towable RVs and motorized RVs rose 19.8% and 35.3% YoY, respectively, in fiscal 4Q16. The company’s gross profit margin and income from continuing operations before income taxes rose 6.8% and 26.7% YoY, respectively, in fiscal 4Q16.

Its net income and EPS (earnings per share) rose to $82.8 million and $1.57, respectively, in fiscal 4Q16 compared to $69.0 million and $1.31, respectively, in fiscal 4Q15.

Fiscal 2016 results

In fiscal 2016, Thor Industries (THO) reported net sales of $4.6 billion, which represents a rise of 15.0% YoY. The company’s gross profit margin rose 13.9% in fiscal 2016. It reported impairment charges of $9.1 million in fiscal 2016.

Its net income and EPS rose to $256.5 million and $4.88, respectively, in fiscal 2016, compared to $199.4 million and $3.74, respectively, in fiscal 2015.

THO’s cash and cash equivalents and inventories rose 14.4% and 64.1%, respectively, in fiscal 2016. Its current ratio fell to 1.6x, and its debt-to-equity ratio rose to 0.84x in fiscal 2016, compared to its current ratio and a debt-to-equity ratio of 2.1x and 0.41x, respectively, in fiscal 2015. The company reported a consolidated RV backlog of $1.2 billion on July 31, 2016, which represents a YoY rise of 109.1%.

Next, we’ll look at Mattel (MAT).

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