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

American Century Companies Inc. lifted its holdings in THOR Industries, Inc. (NYSE:THO) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 approximately 1.76% of THOR Industries worth $89,886,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. 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 valued at $165,078,000 after purchasing an additional 411,466 shares during the period. Charles Schwab Investment Management Inc. lifted its position in THOR Industries by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock worth $58,564,000 after acquiring an additional 10,455 shares in the last quarter. State Street Corp boosted its holdings in THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after acquiring an additional 33,619 shares during the period. Salvus Wealth Management LLC grew its position in THOR Industries by 19.4% in the fourth 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 in the last quarter. Finally, FMR LLC raised its stake in shares of THOR Industries by 8.0% during the third quarter. FMR LLC now owns 29,716 shares of the construction company’s stock valued at $3,265,000 after purchasing an additional 2,205 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 2.7 %

THOR Industries stock opened at $81.24 on Tuesday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a 50-day simple moving average of $95.82 and a 200-day simple moving average of $101.80. THOR Industries, Inc. has a one year low of $75.78 and a one year high of $118.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $2.02 billion during 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%. THOR Industries’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. As a group, equities analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on THO shares. Robert W. Baird cut their price target on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Citigroup lowered shares of THOR Industries from a “buy” rating to a “neutral” rating and cut their target price for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Truist Financial decreased their price target on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Finally, BMO Capital Markets dropped their price target on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries currently has an average rating of “Hold” and an average price target 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.