Frederick B. Hegi, Jr. Sells 2,000 Shares of Drew Industries Inc. (DW) Stock
Drew Industries Inc. (NYSE:DW) Director Frederick B. Hegi, Jr. sold 2,000 shares of Drew Industries stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $93.60, for a total value of $187,200.00. Following the transaction, the director now owns 101,704 shares in the company, valued at approximately $9,519,494.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Drew Industries Inc. (NYSE:DW) traded up 2.46% during midday trading on Wednesday, reaching $97.75. The company’s stock had a trading volume of 285,406 shares. The firm’s 50-day moving average price is $93.14 and its 200-day moving average price is $88.58. The stock has a market capitalization of $2.41 billion, a PE ratio of 20.31 and a beta of 1.21. Drew Industries Inc. has a 52 week low of $51.67 and a 52 week high of $103.19.
Drew Industries (NYSE:DW) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by $0.01. The firm earned $412.37 million during the quarter, compared to analyst estimates of $392.70 million. Drew Industries had a return on equity of 24.64% and a net margin of 7.42%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. On average, analysts anticipate that Drew Industries Inc. will post $5.11 earnings per share for the current year.
Several equities research analysts have issued reports on DW shares. Citigroup Inc. raised their target price on Drew Industries from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. CL King raised Drew Industries from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, November 4th.
Large investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted its stake in Drew Industries by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 193,644 shares of the company’s stock worth $16,429,000 after buying an additional 2,730 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in Drew Industries by 49.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 217,431 shares of the company’s stock worth $18,447,000 after buying an additional 71,524 shares in the last quarter. Royal Bank of Canada boosted its stake in Drew Industries by 7.5% in the first quarter. Royal Bank of Canada now owns 669,495 shares of the company’s stock worth $43,155,000 after buying an additional 46,623 shares in the last quarter. BlackRock Group LTD boosted its stake in Drew Industries by 21.4% in the first quarter. BlackRock Group LTD now owns 33,280 shares of the company’s stock worth $2,145,000 after buying an additional 5,870 shares in the last quarter. Finally, Creative Planning boosted its stake in Drew Industries by 10.1% in the second quarter. Creative Planning now owns 1,738 shares of the company’s stock worth $147,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 95.64% of the company’s stock.
About Drew Industries
Drew Industries Incorporated, 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 Company 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.
Receive News & Stock Ratings for Drew Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drew Industries Inc. and related stocks with our FREE daily email newsletter.