A continuum theory is utilized to represent the thermoelastic behavior of a thick walled composite cylinder that can be idealized as transversely isotropic. A multiaxial statement of the constitutive theory employed is presented, as well as the out of the plane of isotropy, plane stress, and plane strain reductions. The derived analytical solution presented is valid for a cylindrical tube or thin disk with a concentric hole, subjected to internal and/or external pressure and a general radial temperature distribution. A specific problem examined is that of a thick walled cylinder subjected to an internal and external pressure loading and a linear radial temperature distribution. The results are expressed in nondimensional form and the effects on the response behavior are examined for various material properties, fiber orientation and types of loadings.