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10 Best RV and Camping Stocks To Buy Now

In this article, we discuss the 10 best RV and camping stocks. To skip the industry analysis, you can go directly to the 5 Best RV and Camping Stocks to Buy Now.

According to an Allied Market Research report, the global recreational vehicle market was valued at $57.3 billion in 2021 and is expected to reach $117 billion by 2031. The CAGR for the forecast period is expected to be 7.6%. According to Recreational Vehicle Industry Association, RV sales increased by 4.5% YoY in North America during the pandemic, while most of the industries saw a significant slowdown.

Growth Factors

The global tourism sector is starting to recover as the world gets rid of the pandemic. Global tourism increased by 4% in 2021 compared to the prior year. The increase in tourism and camping can significantly support industry growth. Camping activities accounted for 1/3 of all outdoor activities among US and Canadian citizens in 2021. Furthermore, the expansion of recreational vehicles in the electric market has substantially boosted the demand for RVs.

The motorhomes segment is expected to have the highest CAGR in the coming years. In Germany alone, the number of units registered in 2019 was 55,000 and increased to 82,000 in 2022.

Recreational vehicles have been popular in North America and are experiencing a growing demand. The RV market contributes approximately $114 billion to the US economy. 11% of the total population owns a recreational vehicle, and over 1 million households in the United States live in a motorhome.

Some of the key players in the RV industry are Patrick Industries, Inc. (NASDAQ:PATK), LCI Industries (NYSE:LCII), and Winnebago Industries, Inc. (NYSE:WGO).

Our Methodology

After carefully assessing the industry, we picked these 10 stocks based on their fundamentals, recent financial reports, dividend history, future growth catalysts, and analyst ratings.

The hedge fund sentiment around each stock has been taken from Insider Monkey’s database of 895 elite hedge funds.

10. Marine Products Corporation (NYSE:MPX)

Number of Hedge Fund Holders: 4

Marine Products Corporation (NYSE:MPX) is a recreational vehicle company headquartered in Georgia, USA. The company primarily focuses on recreational fiberglass powerboats. The company announced its third quarter results on October 26. Marine Products Corporation (NYSE:MPX) showed a 32% YoY increase in net sales to $100.1 million. Furthermore, compared to the last year, the company’s net income increased by 56% to $25 million from $16 million in Q3 2021.

Marine Products Corporation (NYSE:MPX) is one of the best RV stocks because of its shareholder returns through dividends. On October 26, the company declared a 16.7% increase in its quarterly dividend to $0.14. As of November 1, the company has a dividend yield of 5.46%, and the next quarterly dividend is payable by December 9 to the shareholders of record on November 10.

According to the Insider Monkey database, 4 hedge funds had a stake in Marine Products Corporation (NYSE:MPX) in Q2 2022, compared to 3 in the previous quarter. GAMCO Investors held the most substantial stake with 570,374 shares, worth $5.424 million.

Patrick Industries, Inc. (NASDAQ:PATK), LCI Industries (NYSE:LCII), and Winnebago Industries, Inc. (NYSE:WGO) are some of the best RV stocks along with Marine Products Corporation (NYSE:MPX).

9. OneWater Marine Inc. (NASDAQ:ONEW)

Number of Hedge Fund Holders: 10

OneWater Marine Inc. (NASDAQ:ONEW) is a recreational vehicle company primarily focusing on recreational boats and yachts. The company also offers boat parts, accessories, financing, and insurance.

OneWater Marine Inc. (NASDAQ:ONEW) is one of the best RV stocks due to its aggressive acquisitions and expansions. The company made seven acquisitions in the current year and plans to complete the acquisition of the Gulf Coast marine dealership Harbor View Marine in early 2023. The acquisition will expand OneWater Marine Inc. (NASDAQ:ONEW)’s operations on the Gulf Coast and increase new and pre-owned boat sales. Its recently-completed acquisition of Taylor Marine Centers alone is expected to increase the company’s revenue by $29 million per annum.

On October 20, Stifel analyst Drew Crum reaffirmed a Buy rating on OneWater Marine Inc. (NASDAQ:ONEW)’s shares and lowered the price target to $42 from $45. The analyst expects “record” revenue and profitability in the upcoming fourth-quarter results.

8. BRP Inc. (NASDAQ:DOOO)

Number of Hedge Fund Holders: 10

BRP Inc. (NASDAQ:DOOO) is a Canadian recreational and powersports vehicle company. The company is one of the best RV stocks because of its active expansion into the EV market. In early October, the company announced the beginning of construction of its first EV plant as well as the acquisition of all power sports-related business assets of Kongsberg Inc. The global EV market is expected to grow to $1.1 trillion by 2030 at a CAGR of 22%.

On September 15, Raymond James analyst Joseph Altobello maintained a Strong Buy rating on BRP Inc. (NASDAQ:DOOO) and raised his price target to C$138 from C$135. The analyst believes that the company’s multiple growth opportunities are not reflected in the share price.

As of Q2 2022, 10 hedge funds had a stake in BRP Inc. (NASDAQ:DOOO). D E Shaw increased its holdings by 10% and was the most prominent shareholder in the company. The firm owned 332,319  BRP Inc. (NASDAQ:DOOO) ‘s shares, valued at around $20.45 million.

7. Polaris Inc. (NYSE:PII)

Number of Hedge Fund Holders: 13

Polaris Inc. (NYSE:PII) is a Minnesota-based auto manufacturer that produces motorbikes, all-terrain vehicles, snowmobiles, and off-road recreational vehicles. According to our database, 13 hedge funds had a stake in Polaris Inc. (NYSE:PII) at the end of Q2 2022. The most prominent stakeholder was Diamond Hill Capital, with 573,733 shares worth $56.96 million.

Polaris Inc. (NYSE:PII) reported its Q3 earnings on October 25. The company sales were up 32% compared to last year at $2.34 billion, with 88% of the sales coming from North America. Additionally,  adjusted diluted EPS went up by 64% on a YoY basis to $3.25 per share, outperforming the estimates by $0.47. Due to a solid Q3 performance, Polaris Inc. (NYSE:PII) updated its sales outlook to a 15% to 16% increase for 2022 from the previous 13% to 16%.

Polaris Inc. (NYSE:PII) has increased its dividend for 26 consecutive years, which is why it is on our list of best RV and camping stocks. As of November 1, the company has a dividend yield of 2.52% with an annualized dividend payout of $2.56.

6. Malibu Boats, Inc. (NASDAQ:MBUU)

Number of Hedge Fund Holders: 15

Malibu Boats, Inc. (NASDAQ:MBUU) is a Tennessee-based recreational vehicle company with additional facilities in Australia. The company focuses on recreational boats and is the world’s largest manufacturer of watersports towboats.

On October 25, B. Riley analyst Eric Wold reiterated a Buy rating on Malibu Boats, Inc. (NASDAQ:MBUU) shares and lowered the price target to $74 from $89. The analyst has an optimistic view of the recreational marine group’s outlook in the long term. However, Wold believes that the industry’s short-term uncertainty will possibly weigh in on investor perceptions, so he lowered the price targets for the whole segment.

Insider Monkey’s hedge fund database reveals that 15 hedge funds were bullish on Malibu Boats, Inc. (NASDAQ:MBUU) in Q2 2022, compared to 14 in the previous quarter. Ararat Capital was the largest stakeholder in the company, with 329,307 shares, valued at $17.358 million.

Malibu Boats, Inc. (NASDAQ:MBUU) is one of the notable names in the RV industry, just like Patrick Industries, Inc. (NASDAQ:PATK), LCI Industries (NYSE:LCII), and Winnebago Industries, Inc. (NYSE:WGO).

Here is what Polen Capital specifically said about Malibu Boats, Inc. (NASDAQ:MBUU) in its Q2 2022 investor letter:

“On Malibu Boats, Inc. (NASDAQ:MBUU), we are concerned about the considerable demand pull-forward during the pandemic combined with the rise in interest rates and inflationary pressures the consumer is currently facing. The business continues to perform well but we know from past downturns that this is an industry that is more vulnerable to these types of pressures, and that the environment can change quickly. The company’s stock has held up better than most companies in our Portfolio in the YTD period, making it a good source of funds to redeploy into companies with less vulnerability to the changing economic conditions and more compelling risk reward profiles.”

Click to continue reading and see 5 Best RV and Camping Stocks.

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Disclosure: None. 10 Best RV and Camping Stocks is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

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The “Toll Booth” Operator of the AI Energy Boom

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

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Should I put my money in Artificial Intelligence?

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Click to continue reading…