Principal Financial Group Inc. Grows Holdings in THOR Industries, Inc. (NYSE:THO)

Principal Financial Group Inc. raised its position in THOR Industries, Inc. (NYSE:THOGet Rating) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 216,465 shares of the construction company’s stock after buying an additional 8,604 shares during the period. Principal Financial Group Inc.’s holdings in THOR Industries were worth $16,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in THOR Industries by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 232,695 shares of the construction company’s stock valued at $18,313,000 after purchasing an additional 3,181 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of THOR Industries by 23.1% during the 1st quarter. Profund Advisors LLC now owns 3,622 shares of the construction company’s stock worth $285,000 after acquiring an additional 679 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of THOR Industries by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 647,936 shares of the construction company’s stock worth $50,994,000 after acquiring an additional 13,833 shares during the period. Advisor OS LLC lifted its holdings in shares of THOR Industries by 2.4% during the 2nd quarter. Advisor OS LLC now owns 7,400 shares of the construction company’s stock worth $554,000 after acquiring an additional 173 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of THOR Industries by 17.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,412 shares of the construction company’s stock worth $740,000 after acquiring an additional 1,365 shares during the period. 98.63% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Trading Up 1.1 %

NYSE THO opened at $86.10 on Thursday. THOR Industries, Inc. has a one year low of $66.26 and a one year high of $110.99. The company’s 50 day moving average price is $78.03 and its 200 day moving average price is $79.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.74. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 4.18 and a beta of 1.70.

THOR Industries (NYSE:THOGet Rating) last issued 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. THOR Industries had a net margin of 6.97% and a return on equity of 33.89%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the company earned $4.12 earnings per share. THOR Industries’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that THOR Industries, Inc. will post 8.53 EPS 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 given a $0.45 dividend. This is an increase from THOR Industries’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, October 25th. This represents a $1.80 annualized dividend and a yield of 2.09%. THOR Industries’s dividend payout ratio (DPR) is 8.74%.

Insider Buying and Selling at THOR Industries

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

Analyst Ratings Changes

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

THOR Industries Company Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for THOR Industries, Inc. (NYSE:THOGet Rating).

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

Receive News & Ratings for THOR Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THOR Industries and related companies with MarketBeat.com's FREE daily email newsletter.