Thor Industries - THO Stock Forecast, Price & News

10 Wall Street equities 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 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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10 analysts have issued 12-month price objectives for Thor Industries' shares. Their THO share price forecasts range from $60.00 to $140.00. On average, they expect the company's stock price to reach $85.56 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
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Thor Industries' stock was trading at $103.77 at the start of the year. Since then, THO shares have decreased by 33.0% and is now trading at $69.53.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 28th 2022.
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Thor Industries, Inc. (NYSE:THO) released its quarterly earnings results on Wednesday, December, 8th. The construction company reported $4.34 EPS for the quarter, beating the consensus estimate of $3.10 by $1.24. The construction company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.46 billion. Thor Industries had a trailing twelve-month return on equity of 34.04% and a net margin of 6.76%. The firm's revenue for the quarter was up 56.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share.

Thor Industries declared a quarterly dividend on Wednesday, June 22nd. Shareholders of record on Tuesday, July 5th will be paid a dividend of $0.43 per share on Tuesday, July 19th. This represents a $1.72 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, July 1st.
Read our dividend analysis for THO.

Thor Industries (NYSE:THO) pays an annual dividend of $1.72 per share and currently has a dividend yield of 2.47%. 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 8.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THO will have a dividend payout ratio of 17.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for THO.

Thor Industries announced that its board has approved a stock buyback 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 buy up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board 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 Kayne Anderson Rudnick Investment Management LLC (9.45%), State Street Corp (2.76%), Royal London Asset Management Ltd. (2.73%), JPMorgan Chase & Co. (1.84%), Wells Fargo & Company MN (1.34%) and Brandywine Global Investment Management LLC (1.31%). 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, Robert W Martin 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 $69.53.

Thor Industries (NYSE:THO) has a market capitalization of $3.79 billion and generates $12.32 billion in revenue each year. The construction company earns $659.87 million in net income (profit) each year or $19.57 on an earnings per share basis.

The company employs 31,000 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.