Motorhome makers in focus amid Harvey destruction

Makers of RVs and motorhomes rallied on Monday, as investors anticipated higher demand in the wake of Hurricane Harvey’s destruction.

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Harvey has caused massive flooding and stranded thousands along the Texas Gulf Coast, including Houston, the nation’s fourth-largest city. The Category 4 storm put homes and businesses under water, and officials continued to make water rescues on Monday.

Winnebago Industries (NYSE:WGO) surged 5.5% in recent trading. Thor Industries (NYSE:THO), whose brand portfolio includes Thor, Airstream and Jayco, rose 4.9%. Investors also bought up shares of LCI Industries (NYSE:LCII) and Patrick Industries (NYSE:PATK).

CoreLogic said about half of Houston properties facing severe flooding may not be insured. The group estimated that 52% of flooded homes and businesses are outside of designated flood zones.