THOR Industries, Inc. (NYSE:THO) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of THOR Industries, Inc. (NYSE:THOGet Rating) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,465 shares of the construction company’s stock after acquiring an additional 8,604 shares during the period. Principal Financial Group Inc. owned about 0.40% of THOR Industries worth $16,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THO. LSV Asset Management acquired a new position in THOR Industries during the 1st quarter worth approximately $85,835,000. Royal London Asset Management Ltd. acquired a new position in THOR Industries during the 1st quarter worth approximately $46,644,000. Madison Asset Management LLC acquired a new position in THOR Industries during the 1st quarter worth approximately $29,764,000. Aaron Wealth Advisors LLC grew its holdings in THOR Industries by 7,770.0% during the 1st quarter. Aaron Wealth Advisors LLC now owns 236,100 shares of the construction company’s stock worth $3,000,000 after acquiring an additional 233,100 shares in the last quarter. Finally, Tweedy Browne Co LLC acquired a new position in THOR Industries during the 1st quarter worth approximately $18,159,000. Institutional investors and hedge funds own 98.63% of the company’s stock.

THOR Industries Stock Up 1.1 %

THO stock opened at $86.10 on Thursday. The company has a fifty day moving average price of $78.03 and a 200 day moving average price of $79.44. THOR Industries, Inc. has a 12 month low of $66.26 and a 12 month high of $110.99. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 4.18 and a beta of 1.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.74 and a quick ratio of 0.74.

THOR Industries (NYSE:THOGet Rating) last announced its quarterly earnings data on Wednesday, September 28th. The construction company reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $1.26. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.70 billion. THOR Industries had a net margin of 6.97% and a return on equity of 33.89%. THOR Industries’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.12 EPS. Sell-side analysts expect that THOR Industries, Inc. will post 8.53 earnings per share for the current year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Wednesday, October 26th were paid a $0.45 dividend. This is a boost from THOR Industries’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 2.09%. The ex-dividend date was Tuesday, October 25th. THOR Industries’s payout ratio is currently 8.74%.

Insider Buying and Selling at THOR Industries

In other news, Director Peter Busch Orthwein acquired 20,000 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were bought at an average cost of $72.50 per share, with a total value of $1,450,000.00. Following the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $2,175,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on THO shares. Truist Financial reduced their price objective on shares of THOR Industries from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, September 23rd. MKM Partners reduced their price objective on shares of THOR Industries to $69.00 in a research report on Friday, September 30th. Benchmark downgraded shares of THOR Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Argus downgraded shares of THOR Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Finally, StockNews.com started coverage on shares of THOR Industries in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.25.

THOR Industries Company Profile

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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.

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Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

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