Principal Financial Group Inc. Sells 1,475 Shares of THOR Industries, Inc. (NYSE:THO)

Principal Financial Group Inc. lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,619 shares of the construction company’s stock after selling 1,475 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of THOR Industries worth $11,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares in the last quarter. Natixis Advisors LLC grew its stake in THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after acquiring an additional 171,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of THOR Industries by 46.4% in 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 acquiring an additional 159,022 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of THOR Industries during the third quarter worth about $13,229,000. Finally, Wellington Management Group LLP bought a new position in shares of THOR Industries during the 3rd quarter valued at about $7,682,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on THO. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday. Bank of America began coverage on shares of THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective on the stock. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Truist Financial lifted their price target on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.17.

THOR Industries Trading Down 3.1 %

Shares of NYSE:THO opened at $98.30 on Friday. The stock has a market capitalization of $5.23 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. The company’s 50-day moving average price is $99.72 and its two-hundred day moving average price is $104.19. 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 one year low of $88.37 and a one year high of $129.31.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.03%. THOR Industries’s dividend payout ratio is 51.15%.

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.