Drew Industries Insider Harvey Milman Sells 7,500 Shares (DW)
Drew Industries (NYSE:DW) Insider Harvey Milman unloaded 7,500 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $43.62, for a total transaction of $327,150.00. Following the completion of the sale, the insider now directly owns 13,843 shares of the company’s stock, valued at approximately $603,832. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on DW. 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 0.34% during mid-day trading on Monday, hitting $43.70. 130,125 shares of the company’s stock traded hands. Drew Industries has a one year low of $28.38 and a one year high of $49.55. The stock’s 50-day moving average is $42.68 and its 200-day moving average is $39.22. The company has a market cap of $1.012 billion and a price-to-earnings ratio of 26.30.
Drew Industries (NYSE:DW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that Drew Industries will post $2.00 EPS 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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