THOR Industries - THO Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for THOR Industries in the last year. There are currently 3 sell ratings, 5 hold ratings and 2 buy ratings 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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10 brokerages have issued 12-month price targets for THOR Industries' shares. Their THO share price forecasts range from $60.00 to $100.00. On average, they anticipate the company's share price to reach $76.25 in the next year. This suggests that the stock has a possible downside of 11.5%.
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THOR Industries' stock was trading at $103.77 at the start of the year. Since then, THO stock has decreased by 17.0% and is now trading at $86.14.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
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THOR Industries, Inc. (NYSE:THO) posted its quarterly earnings results on Wednesday, September, 28th. The construction company reported $5.15 earnings per share for the quarter, topping the consensus estimate of $3.89 by $1.26. The construction company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.70 billion. THOR Industries had a net margin of 6.97% and a trailing twelve-month return on equity of 33.89%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.12 EPS.

THOR Industries declared a quarterly dividend on Wednesday, October 12th. Stockholders of record on Wednesday, October 26th will be paid a dividend of $0.45 per share on Wednesday, November 9th. This represents a $1.80 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, October 25th. This is a boost from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for THO.

THOR Industries (NYSE:THO) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 8.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THO will have a dividend payout ratio of 20.81% 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 plan on Tuesday, December 21st 2021, which allows the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its shares are undervalued.

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.86%), Kayne Anderson Rudnick Investment Management LLC (9.85%), BlackRock Inc. (8.56%), Royal London Asset Management Ltd. (3.60%), Dimensional Fund Advisors LP (3.55%) and Timucuan Asset Management Inc. FL (3.24%). Insiders that own company stock include Amelia Huntington, Andrew E Graves, Christopher J Klein, J Allen Kosowsky, James L Ziemer, Jan Suwinski, 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 $86.14.

THOR Industries (NYSE:THO) has a market capitalization of $4.62 billion and generates $16.31 billion in revenue each year. The construction company earns $1.14 billion in net income (profit) each year or $20.60 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.