Target Hospitality Corp. (TH) Stock Rises on Q1 2026 Earnings

Target Hospitality Corp. (TH) reported first-quarter 2026 results.

Revenue: $72.8 million (up 4.1% year-over-year) vs. estimate $75.4 million.

Gross profit: $6.9 million (down 61.7% year-over-year), putting pressure on margins.

Operating profit: loss of $14.3 million (change +1231.1% year-over-year).

Net income attributable to common shareholders: loss of $12.9 million (change +99.9% year-over-year).

Diluted EPS: -$0.13 (change +85.7% year-over-year) vs. estimate -$0.10.

Cash flow and balance sheet highlights:

Cash from operating activities: $7.0 million (up 78.7% year-over-year).

Capital expenditures (purchases of property, plant and equipment): $32.8 million (up 90.5% year-over-year).

Cash and cash equivalents: $5.5 million (down 84.2% year-over-year).

Other notable items:

Cost of sales: $65.9 million (up 72.2% year-over-year).

Total liabilities: $162.9 million (up 10.6% year-over-year).

Market reaction and takeaway: the company missed both the revenue and EPS estimates, showed meaningful margin compression despite stronger operating cash flow, and the stock was up 7.43% since market open this morning.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Target Hospitality Corp. Insider Trading Activity

Target Hospitality Corp. insiders have traded $TH stock on the open market 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $TH stock by insiders over the last 6 months:

STEPHEN ROBERTSON has made 2 purchases buying 270,000 shares for an estimated $1,985,750 and 0 sales.
HEIDI DIANE LEWIS (EVP, General Counsel & Sec) has made 0 purchases and 3 sales selling 31,456 shares for an estimated $240,736.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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Target Hospitality Corp. Hedge Fund Activity

We have seen 63 institutional investors add shares of Target Hospitality Corp. stock to their portfolio, and 68 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SHAY CAPITAL LLC removed 3,738,946 shares (-82.7%) from their portfolio in Q4 2025, for an estimated $29,948,957
PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC added 806,755 shares (+32.3%) to their portfolio in Q4 2025, for an estimated $6,462,107
LONESTAR CAPITAL MANAGEMENT LLC added 500,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $4,005,000
ROYCE & ASSOCIATES LP added 349,723 shares (+inf%) to their portfolio in Q4 2025, for an estimated $2,801,281
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 304,248 shares (-75.0%) from their portfolio in Q4 2025, for an estimated $2,437,026
PHILOSOPHY CAPITAL MANAGEMENT LLC added 285,338 shares (+78.2%) to their portfolio in Q4 2025, for an estimated $2,285,557
DIMENSIONAL FUND ADVISORS LP added 252,212 shares (+21.4%) to their portfolio in Q1 2026, for an estimated $2,340,527

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Target Hospitality Corp. Analyst Ratings

Wall Street analysts have issued reports on $TH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Stifel issued a "Buy" rating on 12/30/2025

To track analyst ratings and price targets for Target Hospitality Corp., check out Quiver Quantitative's $TH forecast page.

Target Hospitality Corp. Price Targets

Multiple analysts have issued price targets for $TH recently. We have seen 2 analysts offer price targets for $TH in the last 6 months, with a median target of $16.5.

Here are some recent targets:

Scott Schneeberger from Oppenheimer set a target price of $18.0 on 04/09/2026
Stephen Gengaro from Stifel set a target price of $15.0 on 04/06/2026