THOR Industries (THO) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for THOR Industries in the last year. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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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9 Wall Street analysts have issued 12 month price targets for THOR Industries' stock. Their THO share price forecasts range from $69.00 to $115.00. On average, they expect the company's stock price to reach $92.00 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
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THOR Industries' stock was trading at $75.49 at the beginning of the year. Since then, THO stock has increased by 23.2% and is now trading at $92.98.
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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) posted its quarterly earnings results on Monday, September, 25th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.73. The construction company earned $2.74 billion during 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 9.90%. The firm's revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.15 EPS.

THOR Industries announced a quarterly dividend on Thursday, June 22nd. Shareholders of record on Friday, July 7th will be given a dividend of $0.45 per share on Friday, July 21st. This represents a $1.80 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, July 6th.
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 (NYSE:THO) pays an annual dividend of $1.80 per share and currently has a dividend yield of 1.94%. 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 25.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THO will have a dividend payout ratio of 21.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for THO.

THOR Industries declared that its board has authorized a share repurchase program on Tuesday, December 21st 2021, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management 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 EPS 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "THO."

THOR Industries' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.65%), BlackRock Inc. (8.71%), Dimensional Fund Advisors LP (4.45%), LSV Asset Management (3.46%), State Street Corp (2.91%) and ACR Alpine Capital Research LLC (2.71%). 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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One share of THO stock can currently be purchased for approximately $92.98.

THOR Industries (NYSE:THO) has a market capitalization of $4.96 billion and generates $11.12 billion in revenue each year. The construction company earns $1.14 billion in net income (profit) each year or $6.95 on an earnings per share basis.

The company employs 32,000 workers across the globe.

THOR Industries' mailing address is 601 EAST BEARDSLEY AVENUE, ELKHART IN, 46514. The official website for the company is www.thorindustries.com. The construction company can be reached via phone at (574) 970-7460, via email at investors@thorindustries.com, or via fax at 937-596-6539.