Today (April 9) was the second consecutive good day for RV company stocks, with the majority closing higher and three reaching new 52-week highs.
Among those reaching a new 52-week high was Thor Industries. Its stock climbed up to $53.08 a share today, a new 52-week high, before closing at $52.60, up $1.30 for the day in New York Stock Exchange trading.
During today’s trading session, Thor announced that it received a $14 million order to build 350 Class C motorhomes for rental firm Cruise America.
Spartan Motors stock also set a new 52-week high of $9.99 a share today, although it closed 14 cents lower for the day at $9.41.
The stock of seating supplier Flexsteel closed at a new 52-week high of $15.35, up 17 cents for today.
Meanwhile, Winnebago’s stock climbed $2.18 today, a 5% increase, to close at $46.90 a share.
On Monday, Winnebago announced that it would buy back a little more than 2 million shares owned by the heirs of the late John K Hanson, the company’s founder. The buy back reduced the number of outstanding Winnebago shares by 10%.
The price of Winnebago’s stock increased 5% Monday and another 5% today, adjusting the market value to the number of shares now outstanding.
Investors in Monaco Coach also had a good day. Monaco stock climbed $1.43 a share, or 6%, today to close at $26.54.
Monaco, primarily a builder of Class A motorhomes, did not issue any statements, but retail market data released today showed that the number of Class A’s shipped from manufacturers to dealers nationwide during February exceeded the number of Class A’s retailed that month by only 70 units.