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The significantly better than expected jobs report issued by the Labor Department today (April 2) boosted the prices of several RV manufacturing and supplier company stocks today.
Investors apparently believe the general economic and RV market recovery will not fizzle because of low levels of job creation.
The government reported that 308,000 jobs were added in March, the best jobs-creation performance since April 2000.
Among the big winners in the RV sector were Thor Industries Inc., which saw its stock gain $3.10 a share today, and Winnebago Industries Inc., which gained $2.37.
Thor’s stock closed at $30.10 and Winnebago’s at $33.42, both in New York Stock Exchange trading.
The stocks of Monaco Coach Corp., and National RV Holdings Inc., gained $1.50 a share each today. Monaco’s stock closed at $28.50 and National RV’s at $17.31.
National RV’s stock also reach a new 52-week high of $17.40 a share.
In the supplier sector, Spartan Motors Inc.’s stock gain 70 cents a share to set a new 52-week high of $11.59.
Drew Industries Inc., a supplier of towable RV chassis and other components, gained $1.94 a share today to close at $38.48.