Monaco Coach Corp. and Winnebago Industries Inc., the two darlings of the motorhome sector the last year or so, saw their stocks reach new 52-week highs today (Jan. 17).
Monaco stock gained 95 cents today to close at $27.30 a share. Earlier in the trading session, Monaco shares climbed as high a $27.50, surpassing the previous 52-week high of $26.49 which was established Wednesday (Jan. 16).
Meanwhile, Winnebago gained 51 cents today to close at $41.21. Earlier in the trading session, Winnebago shares climbed as high as $41.99, surpassing the previous 52-week high of $41.45, also set on Wednesday.
Winnebago, which does not build towable RVs, started the stock price run-up when it revealed early Wednesday that it will increase production because of robust demand for its motorhomes.
The Winnebago announcement helped the stock prices of several other RV manufacturers the last two days, including Monaco, which primarily builds motorhomes.