Thor Industries Declares a Dividend of $0.33 per Share

Thor Industries (THO) has a market cap of $5.7 billion. It rose 0.23% to close at $106.71 per share on December 8, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 3.6%, 37.9%, and 92.6%, respectively, on the same day. THO is trading 16.1% above its 20-day moving average, 24.6% above its 50-day moving average, and 47.0% above its 200-day moving average.

The iShares Morningstar Small Core ETF (JKJ) invests 0.67% of its holdings in Thor Industries. The YTD price movement of JKJ was 25.0% on December 8. The market caps of Thor Industries’ competitors are as follows:

• Berkshire Hathaway (BRK.A) — $406.1 billion
• Drew Industries (DW) — $2.7 billion

Thor Industries has declared a regular quarterly dividend of $0.33 per share on its common stock. The dividend will be paid on January 6, 2017, to shareholders of record at the close of business on December 23, 2016.

Thor Industries reported fiscal 1Q17 net sales of $1.7 billion, a rise of 65.8% over the net sales of $1.0 billion reported in fiscal 1Q16. Sales of towable RVs (recreational vehicles) and motorized RVs rose 62.6% and 83.8%, respectively, between fiscal 1Q16 and fiscal 1Q17. The company’s gross profit margin fell 90 basis points in fiscal 1Q17.

Its net income and EPS (earnings per share) rose to $78.7 million and $1.49, respectively, in fiscal 1Q17, compared with $50.5 million and $0.96 in fiscal 1Q16.

Thor’s cash and cash equivalents fell 9.8%, and its inventories rose 53.7% between fiscal 1Q16 and fiscal 1Q17. Its current ratio fell to 1.6x, and its debt-to-equity ratio rose to 0.80x in fiscal 1Q17, compared with 2.1x and 0.43x, respectively, in fiscal 1Q16. Next, we’ll discuss Hasbro (HAS).