Drew Industries Inc. (NYSE:DW)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $90.12, but opened at $90.58. Drew Industries shares last traded at $92.03, with a volume of 124,934 shares trading hands.

Separately, Citigroup Inc. upped their target price on shares of Drew Industries from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, May 20th.

The firm has a market capitalization of $2.26 billion and a PE ratio of 25.22. The company’s 50 day moving average is $81.30 and its 200-day moving average is $66.55.

Drew Industries (NYSE:DW) last announced its quarterly earnings results on Monday, May 9th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.03 by $0.42. The firm had revenue of $422.80 million for the quarter, compared to analysts’ expectations of $408.18 million. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. On average, equities research analysts expect that Drew Industries Inc. will post $4.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Monday, June 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.32%.

In other news, insider Robert A. Kuhns sold 850 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $74.55, for a total transaction of $63,367.50. Following the transaction, the insider now owns 1,503 shares in the company, valued at $112,048.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $74.13, for a total value of $741,300.00. Following the transaction, the chief executive officer now owns 155,485 shares in the company, valued at approximately $11,526,103.05. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of DW. Mutual of America Capital Management LLC raised its position in Drew Industries by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 52,440 shares of the company’s stock valued at $3,193,000 after buying an additional 313 shares during the period. California State Teachers Retirement System raised its position in Drew Industries by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 44,672 shares of the company’s stock valued at $2,720,000 after buying an additional 700 shares during the period. Rhumbline Advisers raised its position in Drew Industries by 7.1% in the fourth quarter. Rhumbline Advisers now owns 33,827 shares of the company’s stock valued at $2,060,000 after buying an additional 2,250 shares during the period. Principal Financial Group Inc. raised its position in Drew Industries by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 159,416 shares of the company’s stock valued at $9,707,000 after buying an additional 7,159 shares during the period. Finally, Morgan Stanley raised its position in Drew Industries by 283.5% in the fourth quarter. Morgan Stanley now owns 21,724 shares of the company’s stock valued at $1,323,000 after buying an additional 16,059 shares during the period.

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.

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