12 Best RV and Camping Stocks To Buy Now

5. THOR Industries, Inc. (NYSE:THO)

Number of Hedge Fund Holders: 28

THOR Industries, Inc. (NYSE:THO) is a leading American company that engages in the manufacture and sale of recreational vehicles (RVs) and travel tools. Since going public in 1984, the company has expanded significantly through both organic growth and strategic acquisitions. Today, THOR Industries, Inc. (NYSE:THO) is the sole owner of operating companies that, combined, represent the world’s largest manufacturer of recreational vehicles.

In the fourth quarter of fiscal 2024, the company reported net sales of $2.53 billion, which reflects a decrease of 7.4% compared to the same quarter in fiscal 2023. Despite this decline, THOR Industries, Inc. (NYSE:THO) successfully repurchased $25.4 million in shares during the quarter, totaling $68.4 million for the entire fiscal year. This indicates a strong commitment to returning value to shareholders.

The company’s management is focused on improving operational efficiency amid ongoing challenges in the retail environment. THOR Industries, Inc. (NYSE:THO) has managed to improve profit margins by implementing strategic initiatives and making internal improvements, even as net sales declined. The company’s disciplined production approach helps keep dealer inventories aligned with retail demand, which is crucial for protecting margins in a tough market.

As of July 31, 2024, THOR Industries, Inc.’s (NYSE:THO) liquidity stood at approximately $1.32 billion. This robust financial position allows THOR to navigate market challenges effectively while pursuing long-term strategic goals.

Overall, THOR Industries, Inc.’s (NYSE:THO) strong market position, commitment to operational efficiency, and solid financial health make it an attractive stock for investors interested in the RV and camping sector. THO ranks among the top 5 on our list of the best RV and camping stocks to buy now.

As of the second quarter of 2024, THOR Industries, Inc. (NYSE:THO) was held by 28 hedge funds, according to Insider Monkey’s database. Madison Investments stated the following regarding THOR Industries, Inc. (NYSE:THO) in its “Madison Mid Cap Fund” second-quarter 2024 investor letter:

“We also made two adds and two trims during the quarter. We added to Brown-Forman and THOR Industries, Inc. (NYSE:THO). A high interest rate environment has taken its toll on RV sales and the industry leader, Thor Industries. We are confident that management is making the right decisions to weather this storm and emerge in a stronger position.”