Investors continue to show support for Thor Industries Inc.’s acquisition of Keystone RV Co., as indicated by the fact Thor’s stock reached a new 52-week high in New York Stock Exchange trading today (Nov. 14).
The positive turning of events in the war against terrorism in Afghanistan plus a government report showing a record increase in retail sales during October most likely also helped Thor and some other RV companies’ stock prices today.
Thor completed the acquisition of towable RV manufacturer Keystone on Monday. On Tuesday, Thor stock gained $1.09 a share, and today, Thor stock climbed another $1.55 to close at $36.75.
Prior to the close of trading, Thor’s stock reached a new 52-week high of $36.85. Its previous 52-week high was $35.75.
Investors in Winnebago Industries Inc. also had a good day due to the stock gaining $1.33 a share, or 5%, today to close at $27.61.
Fleetwood Enterprises Inc. stock also gained 46 cents, or 4%, today to close at $11.26.
Meanwhile, Coachmen Industries Inc. stock declined 20 cents a share to close at $9.30, despite the fact the company declared a 5 cents a share quarterly cash dividend today. The dividend will be paid Dec. 6 to shareholders of record as of Thursday (Nov. 15).