Drew Industries Inc. (NYSE:DW)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $97.70 and last traded at $97.13, with a volume of 121,544 shares traded. The stock had previously closed at $97.09.

Separately, Citigroup Inc. reduced their price target on shares of Drew Industries from $110.00 to $85.00 and set a “buy” rating for the company in a research report on Monday.

The stock has a 50-day moving average price of $90.20 and a 200-day moving average price of $72.70. The firm has a market capitalization of $2.40 billion and a P/E ratio of 22.6133.

Drew Industries (NYSE:DW) last released its earnings results on Thursday, August 4th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.22. The firm earned $4.41 billion during the quarter, compared to analyst estimates of $413.09 million. The business’s revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities research analysts predict that Drew Industries Inc. will post $5.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, August 17th.

In other news, Director Leigh J. Abrams sold 5,527 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $80.91, for a total transaction of $447,189.57. Following the completion of the transaction, the director now directly owns 75,501 shares of the company’s stock, valued at $6,108,785.91. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick B. Hegi, Jr. sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $96.07, for a total value of $960,700.00. Following the transaction, the director now directly owns 90,192 shares of the company’s stock, valued at $8,664,745.44. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Drew Industries stock. Coe Capital Management LLC purchased a new position in shares of Drew Industries Inc. (NYSE:DW) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 40,210 shares of the company’s stock, valued at approximately $2,448,000. Drew Industries accounts for approximately 1.0% of Coe Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Coe Capital Management LLC owned approximately 0.17% of Drew Industries at the end of the most recent reporting 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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