5 Best RV and Camping Stocks To Invest In

3. Polaris Inc. (NYSE:PII)

Number of Hedge Fund Holders: 25

Polaris Inc. (NYSE:PII) specializes in designing, engineering, manufacturing, and marketing powersports vehicles internationally. The company operates through three segments – Off-Road, On-Road, and Marine. Its product offerings include off-road vehicles (ORVs) such as all-terrain vehicles and side-by-side vehicles, military and commercial ORVs, snowmobiles, motorcycles, moto-roadsters, quadricycles, and boats. It is one of the best RV stocks to invest in. 

On February 1, Polaris Inc. (NYSE:PII) declared a $0.66 per share quarterly dividend, a 1.5% increase from its prior dividend of $0.65. The dividend is payable on March 15, to shareholders on record as of March 1. 

According to Insider Monkey’s fourth quarter database, 25 hedge funds were bullish on Polaris Inc. (NYSE:PII), compared to 23 funds in the earlier quarter. Anand Parekh’s Alyeska Investment Group is the largest stakeholder of the company, with 730,351 shares worth $69.2 million. 

Diamond Hill Capital made the following comment about Polaris Inc. (NYSE:PII) in its Q3 2022 investor letter:

“Other top contributors included Polaris Inc. (NYSE:PII), BOK Financial and Webster Financial. Polaris, a market leader in off-road vehicles, benefited from a restocking opportunity — inventory at dealers remains depleted, which can serve to offset near-term macroeconomic headwinds. The company also is perceived to be somewhat recession-resilient given its strong financial performance during and after the 2008 financial crisis. We took the opportunity to conclude our investment as we have increased concerns over rising competition, supply chain issues related to sourcing semiconductors and the business’s higher-than-perceived cyclicality.”