THOR Industries Stock Price, News & Analysis (NYSE:THO)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for THOR Industries in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" THO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in THO, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 12 month price objectives for THOR Industries' stock. Their THO share price targets range from $72.00 to $115.00. On average, they expect the company's stock price to reach $96.00 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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THOR Industries' stock was trading at $75.49 at the start of the year. Since then, THO stock has increased by 36.4% and is now trading at $102.97.
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THOR Industries saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 4,280,000 shares, a drop of 18.0% from the October 31st total of 5,220,000 shares. Based on an average daily volume of 546,400 shares, the days-to-cover ratio is presently 7.8 days. Currently, 8.4% of the shares of the stock are sold short.
View THOR Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
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THOR Industries, Inc. (NYSE:THO) issued its quarterly earnings data on Monday, September, 25th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.73. The construction company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.43 billion. THOR Industries had a net margin of 3.37% and a trailing twelve-month return on equity of 9.77%. The company's revenue was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.15 EPS.

THOR Industries declared a quarterly dividend on Tuesday, October 10th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.48 per share on Friday, November 10th. This represents a $1.92 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a positive change from the stock's previous quarterly dividend of $0.45.
Read our dividend analysis for THO.

THOR Industries (NYSE:THO) pays an annual dividend of $1.92 per share and currently has a dividend yield of 1.84%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THO will have a dividend payout ratio of 22.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for THO.

ETFs with the largest weight of THOR Industries (NYSE:THO) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Invesco S&P MidCap 400 Pure Value ETF (RFV), iShares Focused Value Factor ETF (FOVL), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Inspire Fidelis Multi Factor ETF (FDLS), Avantis U.S. Small Cap Value ETF (AVUV), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Distillate Small/Mid Cash Flow ETF (DSMC).

THOR Industries announced that its Board of Directors has initiated a share buyback program on Tuesday, December 21st 2021, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

THOR Industries updated its FY 2024 earnings guidance on Monday, September, 25th. The company provided earnings per share (EPS) guidance of $6.25-$7.25 for the period, compared to the consensus earnings per share estimate of $7.12. The company issued revenue guidance of $10.50 billion-$11.00 billion, compared to the consensus revenue estimate of $10.81 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other THOR Industries investors own include NVIDIA (NVDA), Micron Technology (MU), Applied Materials (AMAT), Advanced Micro Devices (AMD), Alibaba Group (BABA), Home Depot (HD), Lam Research (LRCX), Pfizer (PFE), AbbVie (ABBV) and Boeing (BA).

THOR Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.80%), Royal London Asset Management Ltd. (5.97%), Timucuan Asset Management Inc. FL (3.22%), ACR Alpine Capital Research LLC (2.72%), JPMorgan Chase & Co. (1.78%) and LSV Asset Management (1.60%). Insiders that own company stock include Amelia Huntington, Andrew E Graves, J Allen Kosowsky, James L Ziemer, Kenneth D Julian, Peter Busch Orthwein and W Todd Woelfer.
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Shares of THO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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