While the pandemic has spelled disaster for many businesses, it has also proved to be beneficial for some others. There are examples like Zoom, technology stocks, and certain other sectoral plays that have seen their prospects brighten due to the change in behavior that the pandemic seems to be bringing about. One change in behavior as far as leisure and travel go is the rise of self-travel. With families being apprehensive about staying at hotels and interacting with larger groups of people, self-driving to outdoor locations in a recreational vehicle is a form of self-travel. It seems to be catching up, and there are plenty of vloggers also showcasing this form of travel. Thor Industries is among the leaders when it comes to recreational vehicles. If you are an investor looking for the best recreational vehicles stocks, then Thor Industries is one business that you will definitely want to consider.
Thor Industries – The World’s Largest RV Business
Thor Industries is the world’s largest recreational vehicle maker. Its growth has been quite incredible given the fact that the company was founded in 1980, which is only four decades prior to 2021. Thor Industries is based in the mid-western town of Elkhart in Indiana. Thor Industries has well-known brands like Airstream, Jayco, Keystone, Heartland, and KZ under its belt. Thor also has a presence in Europe through the Erwin Hymer Group. The recreational vehicle industry tends to be cyclical. However, Thor is a solid dividend-paying company, and it has maintained its track record on that front through up and down cycles. If you are a Ben Graham fan, then you will know that 20 years of uninterrupted dividend payments is a sign of quality. If you are looking for top RV stocks, then Thor Industries might be a candidate.
Thor Industries trades under the ticker symbol THO on the New York stock exchange. It last closed at $105.7 on 19th July 2021. Thor Industries is up more than 12% on a year-to-date basis.