Thor Industries Inc.’s stock price closed at $50.01 a share in New York Stock Exchange trading today (Aug. 21) as investors continued to show their approval for Thor’s planned acquisition of closely held motorhome manufacturer Damon Corp.
The acquisition of Damon for $46 million in cash, a price that includes the assumption of certain Damon debts, is scheduled to close on Sept. 2.
Thor’s stock price climbed as high today as $50.25 a share, setting a new 52-week high. Thor’s previous 52-week high was $49.94 set on Wednesday (Aug. 20).
Meanwhile, today was a good day for the stocks of three other major RV manufacturers, particularly Monaco Coach Corp. Monaco announced on Wednesday that it would slightly increase motorhome production to satisfy retail demand, and the company’s stock gained $1.17 a share, or 7%, today to close at $17.85.
Monaco’s stock has languished for months but now it is relatively close to its 52-week high of $21.04.
Winnebago Industries Inc.’s stock also gained 98 cents a share today to close at $48.96, bringing it within striking distance of its 52-week high of $51.48.
Fleetwood Enterprises Inc.’s stock price also has improved dramatically during the last few weeks. Today, it gained 18 cents to close at $10.87 a share, also within striking distance of its 52-week high of $11.32.