American Century Companies Inc. Buys 78,832 Shares of THOR Industries, Inc. (NYSE:THO)

American Century Companies Inc. boosted its stake in shares of THOR Industries, Inc. (NYSE:THO) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 723,910 shares of the construction company’s stock after acquiring an additional 78,832 shares during the period. American Century Companies Inc.’s holdings in THOR Industries were worth $67,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in THO. Mather Group LLC. bought a new position in shares of THOR Industries in the 1st quarter valued at $30,000. Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of THOR Industries by 70.8% in the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after purchasing an additional 121 shares during the last quarter. Blue Trust Inc. increased its stake in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after purchasing an additional 285 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of THOR Industries by 3,063.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock valued at $41,000 after purchasing an additional 337 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on THO shares. Truist Financial cut their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Citigroup cut their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Benchmark started coverage on THOR Industries in a report on Thursday, July 18th. They set a “hold” rating on the stock. Finally, Robert W. Baird cut their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.00.

THOR Industries Stock Up 4.4 %

Shares of THO opened at $102.28 on Monday. The company has a market capitalization of $5.44 billion, a PE ratio of 20.75 and a beta of 1.67. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31. The stock’s 50-day moving average price is $101.40 and its two-hundred day moving average price is $101.89. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, July 3rd. THOR Industries’s payout ratio is presently 38.95%.

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.