November 28, 2016 - By Marguerite Chambers
The Chief Executive Officer of Drew Industries Inc, Jason Lippert is in the stock market news today. It was reported in a document filled by Jason Lippert and submitted to the U.S. Security and Exchange Commission on November 28, 2016, he unloaded 2,800 shares from the company having a market value of $286,916 USD. The mentioned shares average price was $102.5. The regulatory filing shows that Jason Lippert now possess about 0.60% of the New York-based company’s market capitalization (total value of the shares outstanding)
Out of 3 analysts covering Drew Industries (NYSE:DW), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $110 is the highest target while $85 is the lowest. The $110 average target is 6.90% above today’s ($102.9) stock price. Drew Industries has been the topic of 4 analyst reports since October 8, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Buy” rating and $85 target price in Friday, May 20 report. As per Thursday, October 8, the company rating was initiated by Sidoti. The company was maintained on Monday, August 15 by Citigroup. The rating was upgraded by CL King on Friday, November 4 to “Buy”.
Insitutional Activity: The institutional sentiment decreased to 1.53 in 2016 Q2. Its down 0.22, from 1.75 in 2016Q1. The ratio worsened, as 15 funds sold all Drew Industries, Inc. shares owned while 52 reduced positions. 51 funds bought stakes while 66 increased positions. They now own 23.25 million shares or 1.29% more from 22.96 million shares in 2016Q1.
Murphy Capital Mgmt Inc accumulated 2,500 shares or 0.03% of the stock. Ranger Investment Mgmt Lp last reported 1.88% of its portfolio in the stock. Federated Investors Inc Pa, a Pennsylvania-based fund reported 841 shares. Rafferty Asset Ltd Company has 0.04% invested in the company for 7,607 shares. Rhumbline Advisers reported 34,302 shares or 0.01% of all its holdings. Regions Corp has 0.01% invested in the company for 12,851 shares. Nationwide Fund Advsr has invested 0.01% of its portfolio in Drew Industries, Inc. (NYSE:DW). Vanguard has 0.01% invested in the company for 1.86M shares. The Ohio-based Victory Capital Mngmt has invested 0.03% in Drew Industries, Inc. (NYSE:DW). Gabelli Funds Ltd Liability last reported 14,000 shares in the company. Capital Fund Mngmt Sa last reported 0.01% of its portfolio in the stock. Pub Sector Pension Inv Board has 0.02% invested in the company for 17,229 shares. Tci Wealth Advisors reported 11 shares or 0% of all its holdings. Spitfire Cap Limited Liability Corp owns 45,575 shares or 1.8% of their US portfolio. Aqr Cap Mgmt Ltd Limited Liability Company owns 33,830 shares or 0.01% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 11 selling transactions for $5.26 million net activity. LOWE JOHN B JR sold $826,960 worth of Drew Industries, Inc. (NYSE:DW) on Wednesday, June 1. Mereness Scott T sold $205,200 worth of stock. 687 shares were sold by Hall Brian Michael, worth $55,427 on Wednesday, June 8. Shares for $960,700 were sold by HEGI FREDERICK B JR. Shares for $447,190 were sold by ABRAMS LEIGH J. On Thursday, August 18 LIPPERT JASON sold $999,300 worth of the stock or 10,000 shares. REED DAVID A sold 2,500 shares worth $240,975.
The stock decreased 0.91% or $0.95 on November 28, hitting $102.9. About 168,414 shares traded hands. Drew Industries, Inc. (NYSE:DW) has risen 61.63% since April 25, 2016 and is uptrending. It has outperformed by 55.62% the S&P500.
Drew Industries Incorporated, through its subsidiaries, supplies an array of components in the United States and abroad for the manufacturers of recreational vehicles and manufactured homes. The company has a market cap of $2.56 billion. The Firm also supplies components for adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; modular housing, and mobile office units. It has a 21.43 P/E ratio. It operates in two divisions, which include the recreational vehicle products segment (the RV Segment), and the manufactured housing products segment (the MH Segment).
According to Zacks Investment Research, “Drew Industries Incorporated has two reportable operating segments, the manufactured housing products segment and the recreational vehicle products segment. Several of the Company’s customers produce both manufactured homes and recreational vehicles, and the Company supplies products having similar characteristics for use in both these lines of business.”
Analysts await Drew Industries, Inc. (NYSE:DW) to report earnings on February, 9.
More notable recent Drew Industries, Inc. (NYSE:DW) news were published by: Prnewswire.com which released: “Drew Industries Reports 2016 Third Quarter Results” on November 03, 2016, also Prnewswire.com with their article: “Drew Industries Announces Executive Change” published on September 26, 2016, Prnewswire.com published: “Drew Industries Reports 2016 Second Quarter Results” on August 04, 2016. More interesting news about Drew Industries, Inc. (NYSE:DW) were released by: Prnewswire.com and their article: “Drew Industries Acquires Highwater Marine Furniture Division” published on January 27, 2016 as well as Prnewswire.com‘s news article titled: “Drew Industries Expands Internationally With Acquisition Of Italian-Based ..” with publication date: May 04, 2016.
Drew Industries Incorporated, incorporated on March 20, 1984, through its subsidiaries, supplies an array of components in the United States and abroad for the manufacturers of recreational vehicles (RVs) and manufactured homes. The Firm also supplies components for adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; modular housing, and mobile office units. The Firm operates in two divisions, which include the recreational vehicle products segment (the RV Segment), and the manufactured housing products segment (the MH Segment). RVs are motorized (motorhomes) or towable, such as travel trailers, fifth-wheel travel trailers, folding camping trailers and truck campers.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.