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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for THOR Industries in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 12 month target prices for THOR Industries' stock. Their THO share price targets range from $72.00 to $115.00. On average, they expect the company's share price to reach $96.00 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
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THOR Industries' stock was trading at $75.49 at the beginning of the year. Since then, THO shares have increased by 40.0% and is now trading at $105.70.
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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 short-interest ratio is presently 7.8 days. Currently, 8.4% of the shares of the company are sold short.
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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 will be holding an earnings conference call on Wednesday, December 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link.

THOR Industries, Inc. (NYSE:THO) posted its earnings results on Monday, September, 25th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.73. The construction company earned $2.74 billion during the quarter, compared to the consensus estimate of $2.43 billion. THOR Industries had a trailing twelve-month return on equity of 9.77% and a net margin of 3.37%. The firm's revenue was down 28.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.15 earnings per share.

THOR Industries announced a quarterly dividend on Tuesday, October 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Tuesday, October 31st. This is a boost 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 declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 21st 2021, which permits the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its shares are undervalued.

THOR Industries issued an update on 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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