Drew Industries Director Edward Rose III Sells 15,898 Shares (DW)
Drew Industries (NYSE:DW) Director Edward Rose III sold 15,898 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $42.25, for a total value of $671,690.50. Following the transaction, the director now directly owns 491,721 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Drew Industries (NYSE:DW) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $43.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Drew Industries (NYSE:DW) in a research note to investors on Wednesday, August 28th. They set a “buy” rating on the stock.
Shares of Drew Industries (NYSE:DW) traded down 1.71% during mid-day trading on Thursday, hitting $41.28. The stock had a trading volume of 83,722 shares. Drew Industries has a 1-year low of $28.38 and a 1-year high of $49.55. The stock’s 50-day moving average is $42.42 and its 200-day moving average is $38.87. The company has a market cap of $956.0 million and a P/E ratio of 25.19.
Drew Industries (NYSE:DW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.06. The company had revenue of $287.00 million for the quarter, compared to the consensus estimate of $283.00 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Drew Industries will post $2.00 earnings per share for the current fiscal year.
Drew Industries Incorporated (NYSE:DW) is a supplier of components for recreational vehicle (RVs) and manufactured housing.
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