If you look at the returns for the six major recreational vehicle manufacturers, during the last 12 months and even over the last five years, two thirds of the stocks are trading at lower prices. It appears that high gas prices are having a strong effect on the sale of RVs. If you think they are going lower, then investing in RV stocks might even be a play on lower gas prices.
Here are the six major manufacturers of recreational vehicles:
Coachmen Industries, Inc. (NASDAQ:COA) has the Coachmen, Sportscoach, Georgie Boy, and Viking brands. It is also in the modular home business. The stock has negative earnings and a yield of 1.1%.
Fleetwood Enterprises, Inc. (FLE) is the number one manufacturer of RVs including American Eagle, American Heritage, Southwind, and Tioga. It has an extremely high forward P/E of over 470.
Monaco Coach Corporation (MNC) has the the Beaver, Holiday Rambler, Monaco, McKenzie, R-Vision, and Safari brands. It has a forward P/E of 19, a PEG of 3.25, and a yield of 1.5%.
National R.V. Holdings, Inc. (NVH) makes luxury RVs such as Dolphin, Sea Breeze, Tradewinds and Tropi-Cal. It has negative earnings.
Thor Industries, Inc. (NYSE:THO) makes the Airstream and Dutchmen motor homes. Its stock has a P/E of 14 and a PEG of 1.15. It pays a slight yield of .7%.
Winnebago Industries, Inc. (NYSE:WGO), is a famous name in RVs. It has a P/E of 28, a PEG of 1.3 and a yield of 1.2%.
Disclosure: The author does not own any of the above.