American Century Companies Inc. Has $89.89 Million Stock Holdings in THOR Industries, Inc. (NYSE:THO)

American Century Companies Inc. boosted its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 8.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 939,146 shares of the construction company's stock after acquiring an additional 75,304 shares during the period. American Century Companies Inc. owned about 1.76% of THOR Industries worth $89,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atala Financial Inc acquired a new position in THOR Industries during the fourth quarter worth about $27,000. First Horizon Advisors Inc. increased its holdings in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after purchasing an additional 121 shares during the last quarter. Brooklyn Investment Group purchased a new position in THOR Industries during the third quarter worth approximately $38,000. Stonebridge Financial Group LLC acquired a new position in THOR Industries during the fourth quarter worth $51,000. Finally, Tortoise Investment Management LLC boosted its stake in THOR Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after buying an additional 253 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Price Performance

THO stock traded down $3.81 during trading hours on Friday, hitting $77.02. 781,027 shares of the stock traded hands, compared to its average volume of 589,163. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $94.11 and a 200 day simple moving average of $101.19. THOR Industries, Inc. has a one year low of $75.78 and a one year high of $118.85. The company has a market cap of $4.10 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.16 and a beta of 1.74.

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

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.60%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio is currently 53.05%.

Analyst Upgrades and Downgrades

THO has been the subject of a number of recent analyst reports. DA Davidson dropped their price target on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Truist Financial cut their target price on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and raised their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Benchmark restated a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $93.00.

THOR Industries Profile

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.