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Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Toromont Industries (TIH-T) is well-regarded among analysts, particularly for its solid positioning in the commercial construction sector and effective management. The company has exhibited consistent growth over the past decade, supported by a strong emphasis on cash flow generation and meaningful dividend increases averaging around 12% annually. While it is primarily focused on markets in Eastern Canada, recent acquisitions and the potential for further growth through opportunities such as refrigeration technology are highlighted as positive indicators. Despite some softness noted in the current market, experts suggest that TIH serves as a reliable long-term hold with low debt levels, making it capable of diversifying its growth strategies through share buybacks or acquisitions. The overall sentiment showcases a robust outlook for the company, aligning with a backdrop of increased spending in construction and manufacturing sectors.

Consensus
Positive
Valuation
Fair Value
BUY

Reasonably well-tied to commercial construction. Fantastic job dealing with uncertainties. Likes the business and management team. A bit too big for him, as it's about to exit "SmallCapLand". If you own, decent time to add.

BUY

Great company. Looking at the 5- or 10-year chart, just chugs along from bottom left up to the right. If you own a partial position, definitely think about adding. Dividend's grown significantly over time by ~12% per year for 5 years. High quality, very well run.

Cash is building up on balance sheet, so he expects an acquisition over next 1-2 years. They have refrigeration technology, and solid penetration in Eastern Canada, so have to see what the next leg of the stool might be.

HOLD

Will always depend on east of Manitoba, as that's where their businesses are. Makes money on both rental sales and maintenance, so $$ comes in at a regular pace. Recent acquisition in southwestern Ontario, but additional ones will be difficult because they dominate eastern Canada.

Likes that they generate so much FCF, they can just buy back shares, increase dividend, or go private. Virtually no debt, a few BBB bonds outstanding.

HOLD

Great compounder over the last decade, when they benefited from growth in the Ontario economy. Seeing softness in the space. Park in your portfolio and hold it for the long term. Does trade at a higher multiple. 

WAIT

Chart appears to be range bound. Would recommend a small position, or watching for leg ups. 

BUY

The structural backdrop includes a lot of spending on construction and on US manufacturing facilities. Much better supply/demand for energy and materials than we've had in a decade. These are all customers of FTT.

If you look at the performance of CAT, FTT and TIH over the last year, all look very attractive. TIH does more construction, whereas FTT does more materials and so he'd lean more toward that one.

DON'T BUY

It's been stuck in consolidation for 3 years, failing to break above $110 a few times. If it falls back to $100, it could be worth a trade. Otherwise, he's cool towards it.

COMMENT

The question was on his preference between Toromont or TFI International. Although Toromnt is good he prefers TFI which has been a great stock and huge performer. It has great management which has deployed capital very well and made smart acquisitions. There is more upside.

BUY ON WEAKNESS

Eastern Canada Caterpillar dealer.
Very strong company.
Used to own shares in company.
Valuation full at the moment.
Wait for shares to fall before buying. 

Unspecified

There is not great growth in the industry of heavy equipment but it has good management making good acquisitions. It is less exposed to the commodity cycle than Finning. He likes it but doesn't own it.

BUY
It's the time for industrials, from late January into early May. TIH could do well in February. The chart shows higher lows, which is good.
BUY ON WEAKNESS
We're in a recessionary timeframe right now, so companies that provide heavy equipment tend not to do well. Higher recurring revenues from maintenance, so they've been able to hold their own. Refrigeration unit is struggling, but backlog continues to grow. Low $90s a good time to buy.
PAST TOP PICK
(A Top Pick Feb 03/21, Up 58%) Continues to like the name. Fits peanut butter & chocolate play (intersection of industrial and materials business). Will continue to hold.
PAST TOP PICK
(A Top Pick Apr 08/22, Down 13%) Disappointing. Concerns on slowdown of the economy. 40% of revenue comes from maintenance and support, so it's less cyclical than others. Still likes its fundamentals. Good backlog. Should benefit from government infrastructure spend during a slowdown.
TOP PICK
Very difficult to get construction equipment given supply chain disruptions - creating opportunity for business. Back -log at record high with improving margins and strong earnings/revenue. Pristine balance sheet with no debt and net cash. Likely will see company increase M&A activity. Strong management team with good track record of capital allocation.
Showing 1 to 15 of 77 entries

Toromont Industries(TIH-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Toromont Industries is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Toromont Industries(TIH-T) Frequently Asked Questions

What is Toromont Industries stock symbol?

Toromont Industries is a Canadian stock, trading under the symbol TIH-T on the Toronto Stock Exchange (TIH-CT). It is usually referred to as TSX:TIH or TIH-T

Is Toromont Industries a buy or a sell?

In the last year, 5 stock analysts published opinions about TIH-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toromont Industries.

Is Toromont Industries a good investment or a top pick?

Toromont Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Toromont Industries.

Why is Toromont Industries stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Toromont Industries worth watching?

5 stock analysts on Stockchase covered Toromont Industries In the last year. It is a trending stock that is worth watching.

What is Toromont Industries stock price?

On 2025-03-28, Toromont Industries (TIH-T) stock closed at a price of $112.51.