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.
View THO analyst ratings or view top-rated stocks.

10 equities research analysts have issued 12 month target prices for THOR Industries' stock. Their THO share price forecasts range from $65.00 to $100.00. On average, they predict the company's stock price to reach $76.88 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for THO or view top-rated stocks among Wall Street analysts.

THOR Industries' stock was trading at $103.77 at the beginning of 2022. Since then, THO stock has decreased by 21.6% and is now trading at $81.34.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
View our THO earnings forecast.

THOR Industries, Inc. (NYSE:THO) announced its quarterly earnings results on Wednesday, September, 28th. The construction company reported $5.15 EPS for the quarter, topping 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 trailing twelve-month return on equity of 29.59% and a net margin of 6.67%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.12 earnings per share.

THOR Industries declared a quarterly dividend on Wednesday, October 12th. Stockholders 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 2.21%. The ex-dividend date is Tuesday, October 25th. This is a positive change 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 2.25%. 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 9.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THO will have a dividend payout ratio of 20.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for THO.

THOR Industries announced that its Board of Directors has initiated a stock buyback program 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 purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its shares are 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 institutional and retail 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of THO stock can currently be purchased for approximately $81.34.

THOR Industries (NYSE:THO) has a market capitalization of $4.37 billion and generates $16.31 billion in revenue each year. The construction company earns $1.14 billion in net income (profit) each year or $18.79 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.