Penske Automotive is also involved in the following:
- Sale of new and used motor vehicles
- Maintenance and repair services
- Sale and placement of third-party finance and insurance products
- Third-party extended service and maintenance contracts
- Replacement and aftermarket automotive products
- Collision repair services
- Wholesale of parts
In addition, it operates a heavy- and medium-duty truck dealership that offers Freightliner and Western Star branded trucks, as well as offers a range of used trucks. Further, it imports and distributes Western Star heavy-duty trucks, MAN heavy- and medium-duty trucks and buses, and Dennis Eagle refuse collection vehicles. The company distributes diesel and gas engines, and power systems as well. (The 15 most fuel-efficient trucks.)
The current dividend yield is 1.69%, but the company is expected to lift the $0.72 per share to $0.78.
Benchmark’s $196 target price is well above the $168.40 consensus target, and Monday’s close at $155.83.
Thor Industries
This is another Wall Street favorite that flies low on the radar screen of many investors. Thor Industries Inc. (NYSE: THO) designs, manufactures and sells recreational vehicles (RVs) and related parts and accessories in North America and Europe. (The strangest roadside attractions in every state.)
The company offers the following:
- Travel trailers
- Gasoline and diesel Class A, Class B and Class C motorhomes
- Conventional travel trailers and fifth wheels
- Luxury fifth wheels
- Motor caravans, caravans camper vans and urban vehicles
It also provides aluminum extrusion and specialized component products to RV and other manufacturers, as well as digital products and services for RVs. The company provides its products through independent and nonfranchise dealers.
Thor Industries stock comes with a 1.94% yield, but the expected dividend hike is to $0.46 per share from $0.45.
The $115 BMO Capital Markets price target compares with a $91.50 consensus target. The stock closed on Monday at $90.14.
These four top companies with shares rated Buy across Wall Street are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally published at 24/7 Wall St.
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