Target Hospitality (TH)
Builds and services modular workforce communities for remote energy, government, and infrastructure projects.
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Builds, owns, leases, and manages modular workforce communities, bundling lodging with food service, maintenance, housekeeping, security, and site operations. Revenue spans HFS-South natural-resource projects, Workforce Hospitality Solutions tied to critical-minerals and data-center infrastructure, and government accommodation contracts.
Operates specialty rental accommodations and full-service hospitality communities for customers that need staffed lodging near remote or fast-growing project sites. The core bundle combines workforce housing with catering, maintenance, housekeeping, security, recreation, community design, construction, and management.
Current segments are HFS-South, Workforce Hospitality Solutions, Government, and All Other. HFS-South serves natural-resource and development activity mainly in Texas and New Mexico, while WHS supports lithium, critical-minerals, power-generation, and data-center infrastructure communities. Government covers DIPC and related facility operations.
Execution depends on modular build speed, location breadth, occupancy, food-service quality, and the ability to redeploy assets as contracts change. The business is concentrated in the United States and Canada, with revenue shaped by large project awards and government-contract transitions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 13, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $22 | Target: $25 |
| Sep 8, 2026 | Oppenheimer | Reiterate | Rating: —Target: $21 | Target: $27 |
| Aug 27, 2026 | Northland Securities | Target | Target: $24 | Target: $25 |
| Aug 27, 2026 | Stifel Nicolaus | Target | Target: $11 | Target: $26 |
| Aug 27, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $22 | Target: $23 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.1M · Total debt $8.3M · Total assets $654.2M · Shareholders' equity $370.1M
- Revenue
- $85.5M
- Operating income
- −$7.5M
- Net income
- −$9.0M
No dividends on record.
| Institutions | ≈ 50.49% | 50.30M shares | |
|---|---|---|---|
| 184 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.45% | 2.44M shares | |
| 12 holders · as of Sep 18, 2026 | |||
| Other | ≈ 47.06% | 46.88M shares | |
| remainder | |||
99.62M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Private Capital Management, LLCInstitution | 3.27% | 3.26M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 3.17% | 3.16M | as of Jun 30, 2026 |
Ophir Asset Management PTY LtdInstitution | 2.70% | 2.69M | as of Jun 30, 2026 |
Rubric Capital Management LPInstitution | 2.60% | 2.59M | as of Jun 30, 2026 |
Westfield Capital Management Co LPInstitution | 2.11% | 2.10M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Troy C. Schrenk | officer: Chief Commercial Officer | +5,907 | $21.16 |
| Sep 15, 2026 | James Bradley Archer | director, officer: Director and CEO and President | +13,385 | $18.69 |
| Jan 20, 2026 | Heidi Diane Lewis | officer: EVP, General Counsel & Sec | −9,000 | $7.34 |
| Dec 15, 2025 | Heidi Diane Lewis | officer: EVP, General Counsel & Sec | −13,456 | $8.50 |
| Dec 3, 2025 | Stephen Robertson | director | +125,000 | $7.94 |
