According to a research conducted by Freedonia, the U.S. RV market is forecasted to increase 4.8 percent annually to $10.7 billion in 2017. Travel trailers will remain the largest product category, while motorhomes and campers and camping trailers will be the fastest growing. The South and West regions will continue to lead sales and account for over three-quarters of all US demand.
Thor Industries
Thor Industries’ stock ended yesterday’s session 0.43 percent higher at $103.90 with a total trading volume of 274,488 shares. The company’s shares have advanced 12.31 percent over the previous three months and 3.85 percent on an YTD basis. The stock is trading 3.94 percent above its 200-day moving average. Additionally, shares of Thor Industries, which through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the U.S. and Canada, have an RSI of 46.82.
On Aug. 1, Thor Industries announced that it has hired Rick Schutt as director of community engagement. In his newly created role, Schutt will be responsible for developing stronger relationships with school and community leaders to promote the RV industry, and enhance the company’s ability to positively impact the areas where its subsidiaries currently operate.
Winnebago Industries
On Tuesday, shares in Forest City, Iowa-headquartered Winnebago Industries recorded a trading volume of 201,542 shares. The stock finished 1.30 percent higher at $35.05. The company’s shares have advanced 34.03 percent in the previous three months, and 10.74 percent since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.42 percent and 11.55 percent, respectively.
Furthermore, shares of Winnebago Industries, which manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities, have an RSI of 50.60.