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 twelve months. 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 brokers have issued 1-year price targets for THOR Industries' stock. Their THO share price forecasts range from $65.00 to $100.00. On average, they expect the company's stock price to reach $76.88 in the next year. This suggests that the stock has a possible downside of 3.8%.
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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 23.0% and is now trading at $79.95.
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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) issued its quarterly earnings data on Wednesday, September, 28th. The construction company reported $5.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.13 by $1.02. The construction company earned $3.82 billion during the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.12 EPS.

THOR Industries declared a quarterly dividend on Wednesday, October 12th. Investors of record on Wednesday, October 26th will be given a dividend of $0.45 per share on Wednesday, November 9th. This represents a $1.80 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, October 25th. This is an increase 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 2.14%. 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 of Directors has approved a share 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 shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

THOR Industries issued an update on its FY23 earnings guidance on Wednesday, December, 7th. The company provided earnings per share guidance of $7.40-8.70 for the period, compared to the consensus estimate of $8.34. The company issued revenue guidance of $11.5-12.5 billion, compared to the consensus revenue estimate of $11.69 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 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 $79.95.

THOR Industries (NYSE:THO) has a market capitalization of $4.29 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.