Thor Industries Inc. continues to bask in the glow of its acquisition of Keystone RV Co., as indicated by the fact Thor shock reached a new 52-week high today (Nov. 20).
Thor stock has reached new 52-week highs on several occasions since it completed the acquisition of towable RV manufacturer Keystone on Nov. 13. The Keystone acquisition makes Thor the leading manufacturer of travel trailers and fifth-wheels in terms of retail market share.
Thor stock climbed to a new 52-week high of $37.75 a share today before slipping slightly lower on New York Stock Exchange trading to close at $37.57, up 17 cents for the day.
The previous 52-week high for Thor stock was $37.40 a share reached on Monday.
Thor’s gains today occurred despite the fact the Dow Jones Industrials Average declined 75 points, or 0.75%, and the Nasdaq Composite fell 54 points, or 2.8% lower.
Meanwhile, manufactured home and towable RV builder Skyline Corp. saw its stock gain 55 cents today to close at $29.25, which is near its 52-week high of $29.99.
Coachmen Industries Inc., a full-line RV manufacturer, also saw its stock gain 43 cents, or 4.5% today, to close at $10.06 a share.