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

American Century Companies Inc. grew its holdings in THOR Industries, Inc. (NYSE:THO) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 723,910 shares of the construction company’s stock after acquiring an additional 78,832 shares during the quarter. American Century Companies Inc. owned 1.36% of THOR Industries worth $67,649,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of THOR Industries in the first quarter worth about $30,000. Tortoise Investment Management LLC grew its holdings in shares of THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after buying an additional 121 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after buying an additional 285 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of THOR Industries by 3,063.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock worth $41,000 after buying an additional 337 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Performance

THO opened at $102.28 on Monday. THOR Industries, Inc. has a 12-month low of $84.54 and a 12-month high of $129.31. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 20.75 and a beta of 1.67. The business has a 50 day moving average of $101.40 and a 200-day moving average of $101.89. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.88%. THOR Industries’s dividend payout ratio (DPR) is currently 38.95%.

Wall Street Analysts Forecast Growth

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

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.