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 2 sell ratings, 6 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 Wall Street research analysts have issued 1-year target prices for THOR Industries' shares. Their THO share price forecasts range from $65.00 to $100.00. On average, they anticipate the company's stock price to reach $79.50 in the next twelve months. This suggests that the stock has a possible downside of 22.4%.
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THOR Industries' stock was trading at $75.49 at the start of the year. Since then, THO shares have increased by 35.6% and is now trading at $102.39.
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THOR Industries saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 6,720,000 shares, a drop of 17.6% from the December 31st total of 8,160,000 shares. Based on an average daily volume of 706,300 shares, the days-to-cover ratio is currently 9.5 days. Currently, 13.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
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THOR Industries, Inc. (NYSE:THO) posted its quarterly earnings data on Wednesday, December, 7th. The construction company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.09 by $0.44. The construction company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.12 billion. THOR Industries had a net margin of 6.67% and a trailing twelve-month return on equity of 29.59%.

THOR Industries declared a quarterly dividend on Thursday, December 15th. Shareholders 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 yield of 1.76%. The ex-dividend date of this dividend is Thursday, December 29th.
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 1.82%. 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 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 21.95% 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 approved a share buyback program on Tuesday, December 21st 2021, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication 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 (EPS) guidance of $7.40-8.70 for the period, compared to the consensus earnings per share 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 many different institutional and retail investors. Top institutional investors include ACR Alpine Capital Research LLC (1.85%), Reinhart Partners Inc. (0.54%), Natixis Advisors L.P. (0.47%), Fisher Asset Management LLC (0.43%), Bank of Montreal Can (0.00%) and Rheos Capital Works Inc. (0.22%). 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 $102.39.

THOR Industries (NYSE:THO) has a market capitalization of $5.48 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.