Drew Industries Inc. is not an obscure supplier to the RV and manufactured home industries any more as far as some investors are concerned.
For the third consecutive day, Drew shares climbed to a new 52-week high.
Drew, owner of RV industry supplier firms Better Bath, Kinro and Lippert, saw its stock climb as high today (Jan. 10) as $13.49 a share, shattering the previous 52-week high of $11.95.
Drew stock closed at $13.00, up $1.05 a share for the day.
Meanwhile, long-term investors in Thor Industries stock are continuing to bask in the afterglow of the company’s acquisition of towable RV manufacturer Keystone last November.
The Keystone acquisition gives Thor about a 25% share of the retail market for towable RVs, and investors have rewarded the company by pushing Thor stock to new 52-week highs on numerous occasions the last several weeks.
Today, Thor stock climbed to $46.30, where it closed, surpassing the previous 52-week high of $45.40. Thor shares gained 91 cents today.