November 28, 2016 - By Darrin Black
Jamie Schnur, the well informed woman, who is presently the Chief Administrative Officer of Drew Industries Inc sold approx. 1,000 shares of the corporation with market value of roughly $103,000 US Dollars calculated based on 103.0 US Dollars for share. she today has 0.01% of the market cap of the Company. This insider deal, was performed on November 28, 2016. It’s ready for use at the SEC’s website and can be seen at this page.
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. The stock has “Buy” rating given by Citigroup on Monday, August 15. Citigroup maintained Drew Industries, Inc. (NYSE:DW) rating on Friday, May 20. Citigroup has “Buy” rating and $85 price target. The firm has “Buy” rating by CL King given on Friday, November 4. Sidoti initiated the shares of DW in a report on Thursday, October 8 with “Buy” rating.
Insitutional Activity: The institutional sentiment decreased to 1.53 in Q2 2016. Its down 0.22, from 1.75 in 2016Q1. The ratio dropped, 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.
Bbva Compass Savings Bank holds 0.07% of its portfolio in Drew Industries, Inc. (NYSE:DW) for 10,569 shares. King Luther Cap Mgmt accumulated 0.04% or 52,000 shares. Sawgrass Asset Management Ltd accumulated 16,880 shares or 0.07% of the stock. Hillsdale Investment Mngmt has 900 shares for 0.02% of their US portfolio. Deere & has 0.03% invested in the company for 6,166 shares. C M Bidwell & Assocs Ltd accumulated 0.09% or 4,145 shares. Bogle Inv Mgmt L P De, a Massachusetts-based fund reported 89,855 shares. Renaissance Technology Ltd Llc has invested 0.01% of its portfolio in Drew Industries, Inc. (NYSE:DW). Paradigm Asset Com Lc holds 0% or 1,800 shares in its portfolio. Asset has 0.02% invested in the company for 11,887 shares. Blackrock Advsr Limited Liability Corporation last reported 0% of its portfolio in the stock. Credit Agricole S A, a France-based fund reported 213,352 shares. Rhumbline Advisers holds 34,302 shares or 0.01% of its portfolio. Alliancebernstein Lp reported 39,407 shares or 0% of all its holdings. Navellier & Incorporated has invested 0.1% of its portfolio in Drew Industries, Inc. (NYSE:DW).
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 11 sales for $5.26 million net activity. 5,527 shares were sold by ABRAMS LEIGH J, worth $447,190 on Wednesday, June 15. On Wednesday, June 8 Hall Brian Michael sold $55,427 worth of the stock or 687 shares. The insider HEGI FREDERICK B JR sold 2,000 shares worth $187,200. On Thursday, August 18 LIPPERT JASON sold $999,300 worth of the stock or 10,000 shares. REED DAVID A also sold $240,975 worth of Drew Industries, Inc. (NYSE:DW) on Monday, August 8. On Thursday, August 25 the insider Mereness Scott T sold $605,500. Another trade for 10,687 shares valued at $826,960 was sold by LOWE JOHN B JR.
The stock decreased 0.91% or $0.95 on November 28, hitting $102.9. About 163,998 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.
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By Darrin Black