THOR Industries, Inc. (NYSE:THO) Holdings Increased by American Century Companies Inc.

American Century Companies Inc. boosted its position in THOR Industries, Inc. (NYSE:THO) by 8.7% in the fourth quarter, according to its most recent disclosure 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 period. American Century Companies Inc.’s holdings in THOR Industries were worth $89,886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atala Financial Inc bought a new stake in shares of THOR Industries in the 4th quarter worth $27,000. First Horizon Advisors Inc. grew its holdings in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of THOR Industries during the third quarter valued at $38,000. Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries in the 4th quarter valued at $51,000. Finally, Tortoise Investment Management LLC raised its holdings in THOR Industries by 78.3% during the 4th 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 period. 96.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on THO shares. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. BMO Capital Markets decreased their price target on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Citigroup downgraded shares of THOR Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. Robert W. Baird reduced their price objective on 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, KeyCorp reaffirmed an “underweight” rating and set a $65.00 price target on shares of THOR Industries in a research note on Thursday, March 20th. One 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. According to data from MarketBeat, THOR Industries has a consensus rating of “Hold” and an average price target of $93.00.

THOR Industries Price Performance

Shares of NYSE:THO opened at $81.24 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The stock 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 business has a 50-day moving average of $95.82 and a two-hundred day moving average of $101.80. THOR Industries, Inc. has a fifty-two week low of $75.78 and a fifty-two week high of $118.85.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Company 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.