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 2 sell ratings, 7 hold ratings and 1 buy rating 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 brokers have issued 12 month price objectives 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 1.2% 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 shares have increased by 5.5% and is now trading at $79.64.
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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) released its quarterly earnings results on Tuesday, March, 7th. The construction company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $1.10 by $0.60. The construction company had revenue of $2.35 billion for the quarter, compared to analysts' expectations 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 business's revenue was down 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.79 earnings per share.

THOR Industries declared a quarterly dividend on Tuesday, March 28th. Investors of record on Wednesday, April 12th will be paid a dividend of $0.45 per share on Wednesday, April 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, April 11th.
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 2.32%. 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 authorized a share repurchase program on Tuesday, December 21st 2021, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

THOR Industries issued an update on its FY 2023 earnings guidance on Wednesday, March, 8th. The company provided EPS guidance of $5.50-$6.50 for the period, compared to the consensus 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 shareholders 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 $79.64.

THOR Industries (NYSE:THO) has a market capitalization of $4.26 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.