American Century Companies Inc. Boosts Stock Holdings in THOR Industries, Inc. (NYSE:THO)

American Century Companies Inc. raised its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 939,146 shares of the construction company's stock after purchasing an additional 75,304 shares during the quarter. American Century Companies Inc. owned 1.76% of THOR Industries worth $89,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after acquiring an additional 411,466 shares during the period. Charles Schwab Investment Management Inc. raised its stake in THOR Industries by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after acquiring an additional 10,455 shares during the period. State Street Corp lifted its holdings in THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Salvus Wealth Management LLC raised its holdings in THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock valued at $4,036,000 after acquiring an additional 6,838 shares during the period. Finally, Amundi lifted its position in shares of THOR Industries by 26.2% during the fourth quarter. Amundi now owns 4,354 shares of the construction company's stock worth $415,000 after acquiring an additional 905 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Truist Financial reduced their price objective on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. BMO Capital Markets lowered their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Robert W. Baird reduced their price target on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, DA Davidson decreased their price target on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $93.00.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $0.75 on Thursday, hitting $80.77. 656,655 shares of the company traded hands, compared to its average volume of 572,808. THOR Industries, Inc. has a 12-month low of $75.78 and a 12-month high of $118.85. The firm's 50-day simple moving average is $94.61 and its 200 day simple moving average is $101.36. The company has a market cap of $4.30 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Tuesday, April 8th. THOR Industries's payout ratio is currently 53.05%.

About THOR Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.