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

Principal Financial Group Inc. trimmed its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 30.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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. owned about 0.23% of THOR Industries worth $13,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Natixis Advisors LLC raised its stake in THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock valued at $55,486,000 after purchasing an additional 171,244 shares during the period. Dimensional Fund Advisors LP raised its position in shares of THOR Industries by 6.9% during 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 buying an additional 187,019 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of THOR Industries by 12.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company's stock worth $36,183,000 after buying an additional 43,326 shares in the last quarter. State Street Corp boosted its position in shares of THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock worth $178,462,000 after acquiring an additional 33,619 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in THOR Industries by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company's stock valued at $59,750,000 after acquiring an additional 5,761 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

THO has been the topic of several research analyst reports. BMO Capital Markets reiterated an "outperform" rating and issued a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America began coverage on THOR Industries in a report on Friday, December 13th. They set a "neutral" rating and a $120.00 price target for the company. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, DA Davidson reissued a "neutral" rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, THOR Industries currently has a consensus rating of "Hold" and a consensus price target of $112.33.

THOR Industries Trading Down 1.5 %

NYSE:THO traded down $1.48 during midday trading on Friday, hitting $95.37. 419,498 shares of the company traded hands, compared to its average volume of 512,251. The firm has a market capitalization of $5.08 billion, a P/E ratio of 24.39 and a beta of 1.67. The firm's fifty day moving average is $106.17 and its 200-day moving average is $103.14. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, January 6th. THOR Industries's dividend payout ratio is currently 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.