American Century Companies Inc. Boosts Stock Position in Thor Industries, Inc. $THO

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American Century Companies Inc. increased its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 999,819 shares of the construction company's stock after acquiring an additional 60,673 shares during the period. American Century Companies Inc. owned about 1.88% of Thor Industries worth $75,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Thor Industries by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company's stock valued at $224,364,000 after acquiring an additional 29,012 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Thor Industries by 112.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 63,800 shares of the construction company's stock valued at $4,837,000 after purchasing an additional 33,752 shares during the period. Nuveen LLC purchased a new position in Thor Industries during the 1st quarter valued at about $8,627,000. Virtu Financial LLC purchased a new position in Thor Industries during the 1st quarter valued at about $769,000. Finally, Invesco Ltd. increased its holdings in Thor Industries by 3.6% during the 1st quarter. Invesco Ltd. now owns 167,640 shares of the construction company's stock valued at $12,709,000 after purchasing an additional 5,822 shares during the period. Institutional investors own 96.71% of the company's stock.

Thor Industries Stock Up 6.3%

Shares of THO stock traded up $6.6230 during midday trading on Friday, reaching $111.6430. 729,704 shares of the stock were exchanged, compared to its average volume of 779,994. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85. The company's 50 day moving average is $93.71 and its two-hundred day moving average is $86.63. The company has a current ratio of 1.71, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market cap of $5.94 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.12 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last posted its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.74. Thor Industries had a return on equity of 6.15% and a net margin of 2.32%.The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the business earned $2.13 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. Thor Industries has set its FY 2025 guidance at 3.300-4.000 EPS. On average, equities research analysts predict that Thor Industries, Inc. will post 4.64 EPS for the current year.

Thor Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.50 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Thor Industries's dividend payout ratio is presently 47.96%.

Thor Industries announced that its board has authorized a stock repurchase program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Wall Street Zen upgraded Thor Industries from a "sell" rating to a "hold" rating in a report on Friday, June 6th. KeyCorp upgraded Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Roth Capital set a $77.00 price target on Thor Industries and gave the company a "neutral" rating in a report on Monday, June 9th. Finally, Citigroup restated a "neutral" rating and set a $100.00 price target (up previously from $88.00) on shares of Thor Industries in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Thor Industries currently has an average rating of "Hold" and an average price target of $89.38.

Insider Buying and Selling at Thor Industries

In related news, Director Peter Busch Orthwein purchased 3,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average price of $85.40 per share, for a total transaction of $256,200.00. Following the purchase, the director directly owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This represents a 2.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is owned by insiders.

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.