Principal Financial Group Inc. Sells 54,299 Shares of THOR Industries, Inc. (NYSE:THO)

Principal Financial Group Inc. lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 30.6% in the third quarter, Holdings Channel reports. The institutional investor owned 123,094 shares of the construction company’s stock after selling 54,299 shares during the period. Principal Financial Group Inc.’s holdings in THOR Industries were worth $13,527,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after purchasing an additional 187,019 shares in the last quarter. Natixis Advisors LLC lifted its position in THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after purchasing an additional 171,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in THOR Industries by 46.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock worth $55,108,000 after buying an additional 159,022 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in THOR Industries in the 3rd quarter valued at $13,229,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Down 1.5 %

THO stock opened at $95.37 on Friday. The business has a fifty day moving average price of $106.17 and a 200 day moving average price of $103.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 24.39 and a beta of 1.67.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, January 6th will be issued a $0.50 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.10%. THOR Industries’s dividend payout ratio is 51.15%.

Insider Buying and Selling

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

THO has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Bank of America began coverage on THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, THOR Industries presently has a consensus rating of “Hold” and an average target price of $112.33.

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.