THOR Industries - THO Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for THOR Industries in the last twelve months. There are currently 2 sell ratings, 7 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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10 analysts have issued 1-year price targets for THOR Industries' shares. Their THO share price forecasts range from $65.00 to $100.00. On average, they anticipate the company's share price to reach $80.63 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
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THOR Industries' stock was trading at $75.49 at the beginning of 2023. Since then, THO stock has increased by 0.7% and is now trading at $76.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 14th 2023.
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THOR Industries, Inc. (NYSE:THO) announced its quarterly earnings data on Tuesday, March, 7th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by $0.60. The construction company earned $2.35 billion during the quarter, compared to analyst estimates of $2.49 billion. THOR Industries had a trailing twelve-month return on equity of 21.88% and a net margin of 5.69%. The firm's quarterly revenue was down 39.4% on a year-over-year basis. During the same period last year, the company posted $4.79 EPS.

THOR Industries announced a quarterly dividend on Thursday, December 15th. Stockholders of record on Friday, December 30th will be given a dividend of $0.45 per share on Friday, January 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for THO.

ETFs with the largest weight of THOR Industries (NYSE:THO) stock in their portfolio include Guru Favorite Stocks ETF (GFGF), iShares Focused Value Factor ETF (FOVL), Motley Fool Mid-Cap Growth ETF (TMFM), OneAscent Large Cap Core ETF (OALC), Invesco S&P MidCap 400 Pure Value ETF (RFV), Alpha Architect U.S. Quantitative Value ETF (QVAL), First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Hartford Large Cap Growth ETF (HFGO).

THOR Industries (NYSE:THO) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.26%. 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 12.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THO will have a dividend payout ratio of 24.93% 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 initiated a stock buyback plan on Tuesday, December 21st 2021, which permits the company to buyback $250,000,000.00 in outstanding 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 usually a sign that the company's management believes its stock is undervalued.

THOR Industries updated its FY 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share guidance of $5.50-$6.50 for the period, compared to the consensus earnings per share estimate of $7.56. The company issued revenue guidance of $10.50 billion-$11.50 billion, compared to the consensus revenue estimate of $11.52 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 variety of institutional and retail investors. Top institutional investors include Royal London Asset Management Ltd. (4.95%), Dimensional Fund Advisors LP (3.93%), LSV Asset Management (3.82%), Timucuan Asset Management Inc. FL (3.17%), ACR Alpine Capital Research LLC (1.85%) and Geode Capital Management LLC (1.38%). Insiders that own company stock include Amelia Huntington, Andrew E Graves, Christopher J Klein, 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 $76.01.

THOR Industries (NYSE:THO) has a market capitalization of $4.07 billion and generates $16.31 billion in revenue each year. The construction company earns $1.14 billion in net income (profit) each year or $14.50 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.