Drew Industries Inc. (DW) Sets New 1-Year High at $101.65
Drew Industries Inc. (NYSE:DW) reached a new 52-week high during trading on Monday . The company traded as high as $101.65 and last traded at $101.65, with a volume of 58,691 shares changing hands. The stock had previously closed at $100.01.
Separately, Citigroup Inc. boosted their target price on 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 $2.50 billion and a PE ratio of 23.55. The stock’s 50-day moving average price is $94.65 and its 200-day moving average price is $76.15.
Drew Industries (NYSE:DW) last issued its earnings results on Thursday, August 4th. The company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.22. The business earned $4.41 billion during the quarter, compared to analyst estimates of $413.09 million. During the same period in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts predict that Drew Industries Inc. will post $5.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 17th.
In other Drew Industries news, insider Brian Michael Hall sold 687 shares of Drew Industries stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $80.68, for a total transaction of $55,427.16. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $161,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leigh J. Abrams sold 10,000 shares of Drew Industries stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $96.43, for a total value of $964,300.00. Following the transaction, the director now owns 65,516 shares of the company’s stock, valued at approximately $6,317,707.88. The disclosure for this sale can be found here.
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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