Drew Industries Inc. (NYSE:DW) reached a new 52-week high on Wednesday . The company traded as high as $92.50 and last traded at $92.33, with a volume of 68,987 shares. The stock had previously closed at $91.22.

Separately, Citigroup Inc. lifted their target price on Drew Industries from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 20th.

The firm’s 50 day moving average price is $85.29 and its 200-day moving average price is $68.98. The company has a market cap of $2.27 billion and a P/E ratio of 25.35.

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

In other Drew Industries news, insider Brian Michael Hall sold 687 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $80.68, for a total transaction of $55,427.16. Following the sale, the insider now owns 2,000 shares in the company, valued at $161,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 hedge funds have recently made changes to their positions in DW. Principal Financial Group Inc. boosted its stake in shares of 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 last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Drew Industries by 19.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 114,270 shares of the company’s stock valued at $6,835,000 after buying an additional 18,300 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of 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 last quarter. California State Teachers Retirement System boosted its stake in shares of 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 last quarter. Finally, Rhumbline Advisers boosted its stake in shares of 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 last quarter.

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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