Target Hospitality (TH)
Market Price (9/20/2026): $21.58 | Market Cap: $2.2 BilSector: Industrials | Industry: Diversified Support Services
Target Hospitality (TH)
Market Price (9/20/2026): $21.58Market Cap: $2.2 BilSector: IndustrialsIndustry: Diversified Support Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49% Megatrend and thematic driversMegatrends include US Energy Independence, and Sustainable Resource Management. Themes include US Oilfield Technologies, US LNG, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns3Y Excs Rtn is -31% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -39 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11% Stock price has recently run up significantly6M Rtn6 month market price return is 135%, 12M Rtn12 month market price return is 145% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -15% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 113% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9% Key risksTH key risks include [1] a high vulnerability to the loss of key contracts and [2] significant revenue concentration in the cyclical energy sector. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Sustainable Resource Management. Themes include US Oilfield Technologies, US LNG, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns3Y Excs Rtn is -31% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -39 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 135%, 12M Rtn12 month market price return is 145% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -15% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 113% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9% |
| Key risksTH key risks include [1] a high vulnerability to the loss of key contracts and [2] significant revenue concentration in the cyclical energy sector. |
Qualitative Assessment
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Updated on 9/17/2026
Target Hospitality (TH) stock has gained about 20% since 5/31/2026 because of the following key factors:
1. Strong fiscal Q2 2026 earnings beat and raised full-year guidance fueled investor optimism. Target Hospitality announced its fiscal Q2 2026 results, which ended on June 30, 2026, on August 10, 2026. The company reported a diluted loss per share of $0.09, outperforming the consensus estimate of a $0.11 loss per share.. Additionally, quarterly revenue reached $85.46 million, exceeding analyst expectations of $79.30 million.. Following these strong results, management raised its full-year 2026 revenue guidance by 11% to a range of $410 million to $420 million (up from the previous $370 million to $380 million range) and increased Adjusted EBITDA guidance by 13% to a range of $85 million to $95 million (up from $75 million to $85 million)..
2. Strategic pivot towards the high-growth Workforce Hospitality Solutions (WHS) segment, driven by AI and data center infrastructure, showed significant progress. The company's WHS segment revenue surged 141% year-over-year to $36.3 million in fiscal Q2 2026, generating an adjusted gross profit of $19.4 million, a 427% increase year-over-year.. This growth is attributed to the rapid scaling of WHS communities and the successful execution of its strategy to support AI and data center infrastructure, securing over 9,000 contracted beds since January.. Furthermore, Target Hospitality announced a new multi-year contract expected to generate approximately $250 million in revenue, providing facility and hospitality services for a data center project in West Texas..
Show more
Target Hospitality (TH) stock has gained about 20% since 5/31/2026 because of the following key factors:
1. Strong fiscal Q2 2026 earnings beat and raised full-year guidance fueled investor optimism. Target Hospitality announced its fiscal Q2 2026 results, which ended on June 30, 2026, on August 10, 2026. The company reported a diluted loss per share of $0.09, outperforming the consensus estimate of a $0.11 loss per share.. Additionally, quarterly revenue reached $85.46 million, exceeding analyst expectations of $79.30 million.. Following these strong results, management raised its full-year 2026 revenue guidance by 11% to a range of $410 million to $420 million (up from the previous $370 million to $380 million range) and increased Adjusted EBITDA guidance by 13% to a range of $85 million to $95 million (up from $75 million to $85 million)..
2. Strategic pivot towards the high-growth Workforce Hospitality Solutions (WHS) segment, driven by AI and data center infrastructure, showed significant progress. The company's WHS segment revenue surged 141% year-over-year to $36.3 million in fiscal Q2 2026, generating an adjusted gross profit of $19.4 million, a 427% increase year-over-year.. This growth is attributed to the rapid scaling of WHS communities and the successful execution of its strategy to support AI and data center infrastructure, securing over 9,000 contracted beds since January.. Furthermore, Target Hospitality announced a new multi-year contract expected to generate approximately $250 million in revenue, providing facility and hospitality services for a data center project in West Texas..
Show more
Updated on 9/17/2026
Target Hospitality (TH) stock has gained about 20% since 5/31/2026 because of the following key factors:
1. Strong fiscal Q2 2026 earnings beat and raised full-year guidance fueled investor optimism. Target Hospitality announced its fiscal Q2 2026 results, which ended on June 30, 2026, on August 10, 2026. The company reported a diluted loss per share of $0.09, outperforming the consensus estimate of a $0.11 loss per share.. Additionally, quarterly revenue reached $85.46 million, exceeding analyst expectations of $79.30 million.. Following these strong results, management raised its full-year 2026 revenue guidance by 11% to a range of $410 million to $420 million (up from the previous $370 million to $380 million range) and increased Adjusted EBITDA guidance by 13% to a range of $85 million to $95 million (up from $75 million to $85 million)..
2. Strategic pivot towards the high-growth Workforce Hospitality Solutions (WHS) segment, driven by AI and data center infrastructure, showed significant progress. The company's WHS segment revenue surged 141% year-over-year to $36.3 million in fiscal Q2 2026, generating an adjusted gross profit of $19.4 million, a 427% increase year-over-year.. This growth is attributed to the rapid scaling of WHS communities and the successful execution of its strategy to support AI and data center infrastructure, securing over 9,000 contracted beds since January.. Furthermore, Target Hospitality announced a new multi-year contract expected to generate approximately $250 million in revenue, providing facility and hospitality services for a data center project in West Texas..
3. Enhanced liquidity and capital structure improvements de-risked the balance sheet and supported growth initiatives. Target Hospitality secured a new $660 million credit facility, replacing a previous $175 million facility. This significant upgrade to its liquidity provides cheaper capital, potentially saving up to 250 basis points, and is crucial for funding the company's $1.4 billion in multi-year awards.. The strengthened financial position supports a substantial capital expenditure program, with fiscal year 2026 total capital expenditures projected between $490 million and $510 million, primarily for WHS expansion..
4. Favorable analyst sentiment and raised price targets contributed to positive market momentum. Following the positive developments, several equity analysts issued optimistic reports and increased their price targets for Target Hospitality. Oppenheimer raised its price target to $27 from $24 and maintained an "outperform" rating on September 8, 2026.. Morgan Stanley initiated coverage with an "overweight" rating and a $22 price objective on August 17, 2026, later increasing it to $25.. Stifel also increased its price target for the company to $26 from $23, citing boosted Adjusted EBITDA forecasts for fiscal years 2026 through 2028.. The consensus analyst rating for the stock is a "Moderate Buy" or "Strong Buy," with an average 12-month price target ranging from $24.60 to $25.20..
Show less
Target Hospitality (TH) stock has gained about 20% since 5/31/2026 because of the following key factors:
1. Strong fiscal Q2 2026 earnings beat and raised full-year guidance fueled investor optimism. Target Hospitality announced its fiscal Q2 2026 results, which ended on June 30, 2026, on August 10, 2026. The company reported a diluted loss per share of $0.09, outperforming the consensus estimate of a $0.11 loss per share.. Additionally, quarterly revenue reached $85.46 million, exceeding analyst expectations of $79.30 million.. Following these strong results, management raised its full-year 2026 revenue guidance by 11% to a range of $410 million to $420 million (up from the previous $370 million to $380 million range) and increased Adjusted EBITDA guidance by 13% to a range of $85 million to $95 million (up from $75 million to $85 million)..
2. Strategic pivot towards the high-growth Workforce Hospitality Solutions (WHS) segment, driven by AI and data center infrastructure, showed significant progress. The company's WHS segment revenue surged 141% year-over-year to $36.3 million in fiscal Q2 2026, generating an adjusted gross profit of $19.4 million, a 427% increase year-over-year.. This growth is attributed to the rapid scaling of WHS communities and the successful execution of its strategy to support AI and data center infrastructure, securing over 9,000 contracted beds since January.. Furthermore, Target Hospitality announced a new multi-year contract expected to generate approximately $250 million in revenue, providing facility and hospitality services for a data center project in West Texas..
3. Enhanced liquidity and capital structure improvements de-risked the balance sheet and supported growth initiatives. Target Hospitality secured a new $660 million credit facility, replacing a previous $175 million facility. This significant upgrade to its liquidity provides cheaper capital, potentially saving up to 250 basis points, and is crucial for funding the company's $1.4 billion in multi-year awards.. The strengthened financial position supports a substantial capital expenditure program, with fiscal year 2026 total capital expenditures projected between $490 million and $510 million, primarily for WHS expansion..
4. Favorable analyst sentiment and raised price targets contributed to positive market momentum. Following the positive developments, several equity analysts issued optimistic reports and increased their price targets for Target Hospitality. Oppenheimer raised its price target to $27 from $24 and maintained an "outperform" rating on September 8, 2026.. Morgan Stanley initiated coverage with an "overweight" rating and a $22 price objective on August 17, 2026, later increasing it to $25.. Stifel also increased its price target for the company to $26 from $23, citing boosted Adjusted EBITDA forecasts for fiscal years 2026 through 2028.. The consensus analyst rating for the stock is a "Moderate Buy" or "Strong Buy," with an average 12-month price target ranging from $24.60 to $25.20..
Show less
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Stock Movement Drivers
Fundamental Drivers
The 22.1% change in TH stock from 5/31/2026 to 9/19/2026 was primarily driven by a 14.0% change in the company's P/S Multiple.| (LTM values as of) | 5312026 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.36 | 21.19 | 22.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 324 | 347 | 7.4% |
| P/S Multiple | 5.4 | 6.1 | 14.0% |
| Shares Outstanding (Mil) | 100 | 100 | -0.3% |
| Cumulative Contribution | 22.1% |
Market Drivers
5/31/2026 to 9/19/2026| Return | Correlation | |
|---|---|---|
| TH | 22.1% | |
| Market (SPY) | 0.9% | 29.5% |
| Sector (XLI) | -2.0% | 14.3% |
Fundamental Drivers
The 172.0% change in TH stock from 2/28/2026 to 9/19/2026 was primarily driven by a 147.4% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.79 | 21.19 | 172.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 315 | 347 | 10.4% |
| P/S Multiple | 2.5 | 6.1 | 147.4% |
| Shares Outstanding (Mil) | 100 | 100 | -0.4% |
| Cumulative Contribution | 172.0% |
Market Drivers
2/28/2026 to 9/19/2026| Return | Correlation | |
|---|---|---|
| TH | 172.0% | |
| Market (SPY) | 11.6% | 18.6% |
| Sector (XLI) | -3.9% | 19.0% |
Fundamental Drivers
The 133.6% change in TH stock from 8/31/2025 to 9/19/2026 was primarily driven by a 110.5% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.07 | 21.19 | 133.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 310 | 347 | 11.9% |
| P/S Multiple | 2.9 | 6.1 | 110.5% |
| Shares Outstanding (Mil) | 99 | 100 | -0.8% |
| Cumulative Contribution | 133.6% |
Market Drivers
8/31/2025 to 9/19/2026| Return | Correlation | |
|---|---|---|
| TH | 133.6% | |
| Market (SPY) | 19.4% | 20.4% |
| Sector (XLI) | 12.8% | 18.7% |
Fundamental Drivers
The 33.3% change in TH stock from 8/31/2023 to 9/19/2026 was primarily driven by a 128.7% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9192026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.90 | 21.19 | 33.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 603 | 347 | -42.4% |
| P/S Multiple | 2.7 | 6.1 | 128.7% |
| Shares Outstanding (Mil) | 101 | 100 | 1.2% |
| Cumulative Contribution | 33.3% |
Market Drivers
8/31/2023 to 9/19/2026| Return | Correlation | |
|---|---|---|
| TH | 33.3% | |
| Market (SPY) | 75.6% | 16.1% |
| Sector (XLI) | 63.4% | 18.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TH Return | 125% | 325% | -36% | -1% | -17% | 159% | 1214% |
| Peers Return | 33% | -14% | 13% | -9% | 0% | -6% | 11% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| TH Win Rate | 50% | 50% | 25% | 67% | 58% | 78% | |
| Peers Win Rate | 65% | 40% | 58% | 42% | 40% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| TH Max Drawdown | -37% | -34% | -50% | -38% | -53% | -30% | |
| Peers Max Drawdown | -12% | -31% | -28% | -31% | -35% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UHAL, HTZ, VAI, CTAS, TRI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | TH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.4% | -18.8% |
| % Gain to Breakeven | 93.9% | 23.1% |
| Time to Breakeven | 401 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.8% | -9.5% |
| % Gain to Breakeven | 29.6% | 10.5% |
| Time to Breakeven | 841 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -17.3% | -6.7% |
| % Gain to Breakeven | 20.9% | 7.1% |
| Time to Breakeven | 36 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.6% | -24.5% |
| % Gain to Breakeven | 30.9% | 32.4% |
| Time to Breakeven | 39 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -75.1% | -33.7% |
| % Gain to Breakeven | 302.4% | 50.9% |
| Time to Breakeven | 718 days | 140 days |
In The Past
Target Hospitality's stock fell -48.4% during the 2025 US Tariff Shock. Such a loss loss requires a 93.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | TH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.4% | -18.8% |
| % Gain to Breakeven | 93.9% | 23.1% |
| Time to Breakeven | 401 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -22.8% | -9.5% |
| % Gain to Breakeven | 29.6% | 10.5% |
| Time to Breakeven | 841 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.6% | -24.5% |
| % Gain to Breakeven | 30.9% | 32.4% |
| Time to Breakeven | 39 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -75.1% | -33.7% |
| % Gain to Breakeven | 302.4% | 50.9% |
| Time to Breakeven | 718 days | 140 days |
In The Past
Target Hospitality's stock fell -48.4% during the 2025 US Tariff Shock. Such a loss loss requires a 93.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Target Hospitality (TH)
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Target Hospitality Corp. (TH) operates as a specialty rental and hospitality services company primarily across North America. The company's core business revolves around owning and operating large-scale, remote accommodation facilities, which include a network of 27 communities offering approximately 15,528 beds. These facilities serve as essential lodging solutions for workforces operating in remote or specialized environments.
Beyond simply providing accommodation units, Target Hospitality offers a comprehensive suite of "turnkey" hospitality and support services. This extensive offering includes catering and food services, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, and general workforce community management. The company also provides concierge and laundry services, aiming to create fully managed, self-sufficient communities that cater to all the needs of their residents.
Target Hospitality serves a focused client base that requires extensive remote workforce housing and support. Its primary customers include the U.S. government and government contractors, demonstrating its role in supporting critical public sector operations. Additionally, the company provides services to investment-grade natural resource development companies and energy infrastructure companies, catering to the significant housing and logistical needs within these industrial sectors.
```AI Analysis | Feedback
Here are 1-3 brief analogies for Target Hospitality (TH):
- They're like Marriott for workforce housing.
- Think of them as Extended Stay America for remote industrial communities.
AI Analysis | Feedback
- Specialty Accommodation Rental: Target Hospitality provides temporary housing units, primarily for workforces in remote or specialized locations.
- Hospitality Support Services: The company offers a comprehensive suite of services including catering, maintenance, housekeeping, grounds-keeping, security, health and recreation, workforce community management, concierge, and laundry services to support its accommodation offerings.
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Target Hospitality (TH) primarily serves other organizations rather than individuals. Its major customers can be categorized as:
- U.S. government
- Government contractors
- Investment grade natural resource development companies
- Energy infrastructure companies
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Brad Archer, President & Chief Executive Officer
Brad Archer joined Target Hospitality in 2009 as Chief Operating Officer and was appointed President and CEO in 2014. He has 25 years of experience in the modular, lodging, and hospitality industries. Prior to joining Target Hospitality, Mr. Archer began his career with GE Capital Modular Space from 1992-1994 and then with Resun from 1994-2004, where he rose to Senior Vice President and was instrumental in expanding the company from two offices to 48. He also served as COO for two other modular leasing and manufacturing companies before joining Target Hospitality.
Jason Vlacich, Chief Financial Officer & Chief Accounting Officer
Jason Vlacich joined Target Hospitality in October 2018 and is responsible for the company's finance, accounting, IT business applications, tax, and investor relations functions. He brings over twenty years of experience in public accounting, hospitality accounting, and finance. Before his tenure at Target Hospitality, Mr. Vlacich served as Chief Accounting Officer at Highgate Hotels, L.P. from 2012, where he managed the corporate accounting department and global accounting services platform, and spearheaded the company's domestic and European accounting expansion and centralization.
Troy Schrenk, Executive Vice President Operations and Chief Commercial Officer
Troy Schrenk is responsible for Target Hospitality's business and commercial operations, construction, business development, commercial strategy, and government relations. He possesses more than 22 years of executive leadership experience, with extensive knowledge of the construction, housing, and hospitality industries.
Heidi Lewis, Executive Vice President, General Counsel and Secretary
Heidi Lewis oversees the legal and governance framework for Target Hospitality.
Brendan Dowhaniuk, Executive Vice President, Strategy & Corporate Development
Brendan Dowhaniuk joined Target Hospitality in December 2024. He has a diverse background in M&A and corporate finance across the consumer, industrials, and energy sectors. Previously, Mr. Dowhaniuk held senior M&A roles at Alimentation Couche-Tard (Circle K), Hoonigan, and Eastman Chemical Company, where he was involved in acquisition activity, portfolio strategy, and executing complex carve-out transactions. Earlier in his career, he worked in the oil & gas industry.
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Key Business Risks for Target Hospitality (TH)
Target Hospitality Corp. faces several key risks inherent in its business model of providing specialty rental and hospitality services, primarily to government entities, natural resource development, and energy infrastructure companies.
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Reliance on Government Contracts and Associated Political and Policy Changes
Target Hospitality has a significant dependency on contracts with the U.S. government and government contractors, a sector that can be subject to unpredictable changes in policy, funding levels, and contract renewals. For example, the company experienced a notable impact on its revenue from the termination of the Pecos Children's Center Contract, effective February 21, 2025. Sector-specific risks for Target Hospitality include dependencies on government contracts. The potential for a slowdown in the influx of migrants could also dampen revenue from the government segment. -
High Customer Concentration
A substantial portion of Target Hospitality's revenue is concentrated among a very small number of customers. As of the end of 2022, the two largest customers contributed 61% and 11% of the company's total revenue, respectively. The loss of one or both of these major customers could significantly impact Target Hospitality's financial performance and the market value of its stock. -
Exposure to Economic Cycles and Industry-Specific Downturns
As a company operating in the Industrials sector, Target Hospitality is exposed to risks related to broader economic cycles. While the background mentions serving natural resource development and energy infrastructure companies, the company also faces macroeconomic pressures that can influence customer demand and its pricing power. Downturns in the sectors it serves, driven by factors such as commodity price volatility or reduced capital expenditures, could lead to decreased demand for its accommodations and services.
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Target Hospitality Corp. operates in several addressable markets related to workforce accommodation and hospitality services in North America. The key addressable markets for Target Hospitality's main products and services are:
- Workforce Housing and Accommodation Services: The global Workforce Housing and Accommodation Services market was valued at approximately $6.89 billion in 2025 and is projected to reach around $7.97 billion by 2032. North America is a leading region in this market.
- Corporate Housing/Serviced Apartments: The U.S. serviced apartment segment, which closely aligns with corporate housing, was valued at $13.8 billion in 2024. This market is projected to expand significantly to $44.0 billion by 2033, growing at a compound annual growth rate (CAGR) of 14.5%.
- Remote Workplace Services: The global Remote Workplace Services Market, which encompasses various technological solutions and support systems for remote work, is expected to reach a valuation of USD 100.03 billion by 2032, up from USD 19.79 billion in 2022. North America has been a leading adopter of remote workplace solutions. In 2024, North America held a dominant market position in the Global Digital Nomad Services Market, capturing over a 32.1% share, with a revenue of USD 10.95 billion.
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Target Hospitality (TH) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
-
Expansion of Workforce Hospitality Solutions (WHS) in High-Growth Sectors
Target Hospitality anticipates significant growth in its Workforce Hospitality Solutions (WHS) segment, driven by increasing demand from sectors such as AI infrastructure, data center development, power generation, and critical minerals development. This segment is projected to become the largest operating segment by the end of 2026, contributing over 40% of consolidated revenue. The company has secured new multi-year contract awards, including a West Texas power community agreement for 1,400 beds with $129 million of committed minimum revenue, and has reactivated over 2,850 existing beds to support this expansion. -
New and Reactivated U.S. Government Contracts
The re-contracting of the Dilley assets (South Texas Family Residential Center) effective March 5, 2025, is a significant driver. This new contract is expected to generate over $246 million in revenue over its anticipated five-year term, with approximately $30 million in revenue projected for 2025 alone. While some non-recurring government segment revenue decreased, the re-secured Dilley contract provides a stable and long-term revenue stream. -
Strategic Diversification and New Service Offerings
Target Hospitality is actively pursuing opportunities to broaden its value chain participation and diversify its contract portfolio. An example of this strategy is the launch of "Target Hyper/Scale," a new brand focused on delivering highly customized, vertically integrated solutions for large-scale, remote data center projects. This initiative aims to capture the substantial market opportunity presented by these specialized infrastructure developments. -
Leveraging Existing Network to Meet Sustained Customer Demand
The company continues to benefit from sustained momentum in customer demand for its premium service offerings across its various segments. Target Hospitality's expansive network of accommodation units and its flexible operating model allow it to effectively align with and capitalize on this demand, providing value-added hospitality solutions to its diverse customer base.
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Share Repurchases
- On November 3, 2022, Target Hospitality's Board of Directors authorized a stock repurchase program for up to $100 million of its outstanding common stock.
Capital Expenditures
- Target Hospitality reported approximately $72.7 million in capital expenditures for the year ended December 31, 2025, primarily directed towards growth in its Workforce Hospitality Solutions (WHS) segment, including the Workforce Hub Contract and the development and expansion of the Data Center Community.
- The company projects capital spending, excluding acquisitions, to be between $65 million and $75 million for 2026, focused on growth initiatives.
- Recent growth-focused capital outlays include $10 million to $15 million for a community expansion in Q4 2025, and an estimated $8 million to $10 million for a Power Community Contract starting in June 2026, leveraging existing infrastructure.
Peer Outperformance in Diversified Support Services
TH has outperformed 97% of its 32 Diversified Support Services peers over 5Y. Diversified Support Services ranks 8th of 23 industries in Industrials by median 5Y return.
Share of Diversified Support Services constituents that TH has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
95%
of 37 industry peers · 144.7% return
3Y
61%
of 33 industry peers · 44.6% return
5Y
97%
of 32 industry peers · 465.1% return
No Diversified Support Services peer with a comparable growth profile has beaten TH by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Diversified Support Services is TH's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.0% | 102.1% | 183.7% | FIX 2314% · CDNL 2275% · STRL 2261% |
| Marine Transportation | 5 | 88.1% | 65.4% | 182.7% | HOS 44163% · MATX 212% · SFL 183% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 11.7% | 55.6% | 126.2% | CAT 362% · ALSN 258% · WAB 234% |
| Aerospace & Defense | 55 | -6.5% | 66.1% | 74.4% | ATI 1052% · FTAI 970% · HWM 653% |
| Rail Transportation | 7 | 29.3% | 56.9% | 52.8% | FSTR 147% · CSX 69% · UNP 58% |
| Trading Companies & Distributors | 19 | 4.3% | 37.5% | 50.6% | DXPE 574% · AIT 306% · URI 220% |
| Industrial Machinery & Supplies & Components | 72 | 9.1% | 49.1% | 44.9% | CRS 1270% · PSIX 1091% · EROC 652% |
| Diversified Support Services ← | 33 | 13.4% | 32.2% | 38.0% | LIME 3498% · TH 465% · WLFC 368% |
| Passenger Ground Transportation | 3 | -28.4% | 41.4% | 30.5% | UBER 77% · CAR 31% · LYFT -70% |
| Cargo Ground Transportation | 16 | 34.4% | -0.1% | 29.2% | R 247% · XPO 246% · CVLG 193% |
| Electrical Components & Equipment | 41 | 3.4% | 56.5% | 22.0% | POWL 2339% · BE 1320% · VRT 950% |
| Building Products | 33 | -14.7% | 1.5% | 19.5% | LMB 691% · GFF 386% · PPIH 296% |
| Industrial Conglomerates | 17 | 7.9% | 7.2% | 8.2% | RCMT 456% · CSW 141% · DD 74% |
| Agricultural & Farm Machinery | 17 | 6.4% | 3.2% | -2.4% | BLBD 211% · DE 115% · GENC 56% |
| Environmental & Facilities Services | 29 | -11.1% | 22.8% | -6.4% | CECO 939% · ADUR 385% · NVRI 370% |
| Research & Consulting Services | 13 | -12.7% | -24.6% | -9.9% | HURN 219% · CRAI 90% · GRNQ 69% |
| Data Processing & Outsourced Services | 6 | -33.4% | -15.8% | -25.2% | EXLS 46% · BR 9% · G -24% |
| Passenger Airlines | 11 | 3.2% | 13.1% | -28.8% | LTM 3169% · UAL 140% · SKYW 106% |
| Office Services & Supplies | 9 | 7.4% | 15.2% | -31.0% | PBI 198% · TILE 148% · HNI 50% |
| Human Resource & Employment Services | 22 | 6.5% | -18.0% | -36.6% | BBSI 88% · ADP 53% · PAYX 25% |
| Air Freight & Logistics | 12 | -18.0% | -20.7% | -37.8% | CHRW 98% · FDX 67% · EXPD 67% |
| Security & Alarm Services | 10 | -37.7% | 19.7% | -45.5% | CIX 160% · MG 123% · NL 67% |
| Airport Services | 3 | -75.1% | -78.9% | -58.8% | JOBY -33% · ASLE -59% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 42.73 |
| Mkt Cap | 12.6 |
| Rev LTM | 6,961 |
| Op Inc LTM | 341 |
| FCF LTM | 5 |
| FCF 3Y Avg | 31 |
| CFO LTM | 1,628 |
| CFO 3Y Avg | 1,755 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 3.4% |
| Rev Chg Q | 9.2% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 11.5% |
| Op Inc Chg 3Y Avg | -13.5% |
| Op Mgn LTM | 5.0% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 25.1% |
| CFO/Rev 3Y Avg | 24.3% |
| FCF/Rev LTM | 6.1% |
| FCF/Rev 3Y Avg | 1.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hospitality & Facilities Services (HFS) - South | 142 | 150 | 149 | 132 | 117 |
| Workforce Hospitality Solutions (WHS) | 97 | 0 | 0 | ||
| Government | 71 | 225 | 404 | 360 | 156 |
| All Other | 11 | 12 | 11 | 9 | 18 |
| Total | 321 | 386 | 564 | 502 | 291 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Hospitality & Facilities Services (HFS) - South | 165 | 177 | 184 | 177 | 207 |
| Government | 157 | 191 | 207 | 217 | 87 |
| Workforce Hospitality Solutions (WHS) | 64 | 0 | |||
| All Other | 21 | 27 | 31 | ||
| Hospitality & Facilities Services - Midwest | 30 | 44 | |||
| Other assets | 3 | 3 | |||
| Other unallocated amounts | 342 | 169 | |||
| TCPL (TC Energy Pipelines) Keystone | 3 | 3 | |||
| Total | 408 | 395 | 423 | 772 | 513 |
Price Behavior
Price Behavior
| Market Price | $21.19 | |
| Market Cap ($ Bil) | 2.1 | |
| First Trading Date | 10/07/2014 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $17.37 | $13.30 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 22.0% | 59.3% |
| 3M | 1YR | |
| Volatility | 58.6% | 65.4% |
| Downside Capture | 90.44 | 56.30 |
| Upside Capture | 107.38 | 151.95 |
| Correlation (SPY) | 29.3% | 21.1% |
TH Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.22 | 1.50 | 1.05 | 0.94 | 0.97 | 0.66 |
| Up Beta | 3.35 | 2.96 | 2.31 | 0.72 | 1.23 | 0.59 |
| Down Beta | -1.83 | 2.00 | 0.32 | 0.09 | 0.63 | 0.66 |
| Up Capture | 176% | 41% | 99% | 269% | 157% | 37% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 11 | 19 | 32 | 69 | 129 | 355 |
| Down Capture | -251% | 117% | 75% | 35% | 71% | 92% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 23 | 32 | 58 | 120 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TH | |
|---|---|---|---|---|
| TH | 147.3% | 65.1% | 1.62 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 18.7% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 20.8% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 5.3% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | 1.1% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | -0.8% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 8.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TH | |
|---|---|---|---|---|
| TH | 39.1% | 66.6% | 0.78 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 16.0% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 13.3% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 2.3% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 8.7% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 7.6% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 9.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TH | |
|---|---|---|---|---|
| TH | 7.5% | 77.9% | 0.47 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 32.4% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 26.5% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 2.7% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 15.8% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 25.0% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 11.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -2.7% | 5.6% | 22.7% |
| 5/11/2026 | 17.9% | 21.7% | 7.2% |
| 3/11/2026 | 13.8% | 17.7% | 86.7% |
| 11/6/2025 | -15.5% | -17.6% | 9.3% |
| 8/7/2025 | 12.1% | 10.4% | 20.3% |
| 5/19/2025 | 5.1% | 3.8% | -1.7% |
| 3/26/2025 | 6.4% | 10.8% | 4.1% |
| 11/12/2024 | 6.8% | -9.2% | -5.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 18 | 17 | 16 |
| # Negative | 6 | 7 | 8 |
| Median Positive | 8.3% | 12.0% | 22.1% |
| Median Negative | -8.3% | -12.2% | -8.5% |
| Max Positive | 17.9% | 37.4% | 86.7% |
| Max Negative | -15.5% | -17.6% | -31.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -2.7% | 5.6% | 22.7% |
| 5/11/2026 | 17.9% | 21.7% | 7.2% |
| 3/11/2026 | 13.8% | 17.7% | 86.7% |
| 11/6/2025 | -15.5% | -17.6% | 9.3% |
| 8/7/2025 | 12.1% | 10.4% | 20.3% |
| 5/19/2025 | 5.1% | 3.8% | -1.7% |
| 3/26/2025 | 6.4% | 10.8% | 4.1% |
| 11/12/2024 | 6.8% | -9.2% | -5.6% |
| 8/7/2024 | 12.1% | 13.4% | 11.2% |
| 5/8/2024 | 3.8% | 4.9% | 0.8% |
| 3/13/2024 | 1.5% | 0.2% | 26.7% |
| 11/8/2023 | 16.0% | -10.1% | -14.3% |
| 8/9/2023 | 13.9% | 12.0% | 21.5% |
| 5/9/2023 | 16.2% | 25.4% | 18.5% |
| 3/10/2023 | 5.7% | 7.4% | -20.1% |
| 11/9/2022 | 10.8% | 17.0% | 39.3% |
| 8/9/2022 | -12.4% | -4.1% | -11.4% |
| 5/10/2022 | -2.8% | -12.2% | -0.7% |
| 3/10/2022 | 9.7% | 29.1% | 25.5% |
| 11/12/2021 | 1.0% | -16.7% | -31.4% |
| 8/11/2021 | -10.2% | -16.4% | -1.5% |
| 5/24/2021 | 1.4% | 32.8% | 33.8% |
| 3/30/2021 | -6.4% | 37.4% | 23.0% |
| 11/9/2020 | 2.5% | 0.4% | 34.3% |
| SUMMARY STATS | |||
| # Positive | 18 | 17 | 16 |
| # Negative | 6 | 7 | 8 |
| Median Positive | 8.3% | 12.0% | 22.1% |
| Median Negative | -8.3% | -12.2% | -8.5% |
| Max Positive | 17.9% | 37.4% | 86.7% |
| Max Negative | -15.5% | -17.6% | -31.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/11/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/19/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/11/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/19/2025 | 10-Q |
| 12/31/2024 | 03/26/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/24/2021 | 10-Q |
| 12/31/2020 | 03/31/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/28/2020 | 10-Q |
| 12/31/2019 | 03/13/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
Recent Forward Guidance
Updated 9/15/2026Latest: Q2 2026 Earnings Reported 8/10/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 410.00 Mil | 415.00 Mil | 420.00 Mil | 10.7% | Raised | Guidance: 375.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 85.00 Mil | 90.00 Mil | 95.00 Mil | 12.5% | Raised | Guidance: 80.00 Mil for 2026 | |
| 2026 Capital Expenditures | Reported | 490.00 Mil | 500.00 Mil | 510.00 Mil | 6.4% | Raised | Guidance: 470.00 Mil for 2026 | |
| 2027 Annualized Revenue | Reported | 700.00 Mil | 2.9% | Raised | Guidance: 680.00 Mil for 2027 | |||
| 2027 Annualized Adjusted EBITDA | Reported | 260.00 Mil | 8.3% | Raised | Guidance: 240.00 Mil for 2027 | |||
Prior: Q1 2026 Earnings Reported 5/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenue | Reported | 370.00 Mil | 375.00 Mil | 380.00 Mil | 15.4% | Raised | Guidance: 325.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 75.00 Mil | 80.00 Mil | 85.00 Mil | 23.1% | Raised | Guidance: 65.00 Mil for 2026 | |
| 2026 Total Capital Expenditures | Reported | 460.00 Mil | 470.00 Mil | 480.00 Mil | 571.4% | Raised | Guidance: 70.00 Mil for 2026 | |
| 2027 Annualized Revenue | Reported | 680.00 Mil | ||||||
| 2027 Annualized Adjusted EBITDA | Reported | 240.00 Mil | ||||||
Q4 2025 Earnings Reported 3/11/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenue | Reported | 320.00 Mil | 325.00 Mil | 330.00 Mil | 3.2% | Higher New | Actual: 315.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 60.00 Mil | 65.00 Mil | 70.00 Mil | 18.2% | Higher New | Actual: 55.00 Mil for 2025 | |
| 2026 Total Capital Expenditures | Reported | 65.00 Mil | 70.00 Mil | 75.00 Mil | ||||
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Total Revenue | Reported | 310.00 Mil | 315.00 Mil | 320.00 Mil | 0 | Affirmed | Guidance: 315.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | Reported | 50.00 Mil | 55.00 Mil | 60.00 Mil | 0 | Affirmed | Guidance: 55.00 Mil for 2025 | |
Insider Activity
Updated 9/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schrenk, Troy C | Chief Commercial Officer | Direct | Buy | 9182026 | 21.16 | 5,907 | 124,992 | 4,591,614 | Form |
| 2 | Archer, James Bradley | Director and CEO and President | Direct | Buy | 9162026 | 18.69 | 13,385 | 250,166 | 34,491,292 | Form |
| 3 | Lewis, Heidi Diane | EVP, General Counsel & Sec | Direct | Sell | 1222026 | 7.34 | 9,000 | 66,060 | 966,986 | Form |
| 4 | Lewis, Heidi Diane | EVP, General Counsel & Sec | Direct | Sell | 12172025 | 8.50 | 13,456 | 114,376 | 1,196,307 | Form |
| 5 | Robertson, Stephen | Direct | Buy | 12042025 | 7.94 | 125,000 | 992,500 | 3,533,300 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schrenk, Troy C | Chief Commercial Officer | Direct | Buy | 9182026 | 21.16 | 5,907 | 124,992 | 4,591,614 | Form |
| 2 | Archer, James Bradley | Director and CEO and President | Direct | Buy | 9162026 | 18.69 | 13,385 | 250,166 | 34,491,292 | Form |
| 3 | Lewis, Heidi Diane | EVP, General Counsel & Sec | Direct | Sell | 1222026 | 7.34 | 9,000 | 66,060 | 966,986 | Form |
| 4 | Lewis, Heidi Diane | EVP, General Counsel & Sec | Direct | Sell | 12172025 | 8.50 | 13,456 | 114,376 | 1,196,307 | Form |
| 5 | Robertson, Stephen | Direct | Buy | 12042025 | 7.94 | 125,000 | 992,500 | 3,533,300 | Form | |
| 6 | Lewis, Heidi Diane | EVP, General Counsel & Sec | Direct | Sell | 11192025 | 6.70 | 9,000 | 60,300 | 1,033,127 | Form |
| 7 | Robertson, Stephen | Direct | Buy | 11192025 | 6.85 | 145,000 | 993,250 | 2,192,000 | Form | |
| 8 | Lewis, Heidi Diane | EVP, General Counsel & Sec | Direct | Sell | 10222025 | 7.09 | 9,000 | 63,810 | 1,157,074 | Form |
| 9 | Lewis, Heidi Diane | EVP, General Counsel & Sec | Direct | Sell | 9242025 | 8.71 | 12,256 | 106,750 | 1,499,845 | Form |
| 10 | Schrenk, Troy C | SEVP, Operations & CCO | Direct | Sell | 9222025 | 8.58 | 49,344 | 423,372 | 1,497,665 | Form |
Investor Activity (13F)
Updated Sep 20, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Diversified Support Services Resources |
| Facilities Management Journal (FMJ) |
| Supply Chain Brain |
| Corporate Services News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/19/2026