12 Best RV and Camping Stocks To Buy Now

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10. Winnebago Industries, Inc. (NYSE:WGO)

Number of Hedge Fund Holders: 19

Winnebago Industries, Inc. (NYSE:WGO) is an American manufacturer of outdoor recreation products, including RVs and boats. The company designs and develops motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles.

In the fourth quarter of fiscal 2024, Winnebago Industries, Inc. (NYSE:WGO) reported revenues of $720.9 million, down 6.5% from the same quarter in the previous year. Operating expenses rose significantly to $112.0 million, a 60.4% increase year-over-year, largely due to a $30.3 million impairment charge related to the Chris-Craft division, costs associated with launching the Grand Design motorized business, and strategic investments in engineering, digital technology development, and enhanced data and information technology capabilities.

Despite facing a challenging retail environment in the RV and marine industries, Winnebago Industries, Inc. (NYSE:WGO) is committed to returning to growth. The company has made key leadership changes in its Winnebago Motorhome and Towables businesses to address operational and financial challenges.

The company recently launched its new Lineage Series M from Grand Design in the Motorhome RV segment. The new vehicle was showcased at the Hershey RV show and RV Dealer Open House in September. The positive response from consumers and dealers indicates strong market interest. A small number of units also began shipping in the fourth quarter of the fiscal 2024.

By investing in strategic initiatives and enhancing product offerings, Winnebago Industries, Inc. (NYSE:WGO) aims to strengthen its market position.

According to Insider Monkey’s database, 19 hedge funds held stakes in Winnebago Industries, Inc. (NYSE:WGO) in the second quarter of 2024. WGO ranks among the top 10 on our list of the best RV and camping stocks to buy now.

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