The stock of Drew Industries, Inc. (NYSE:DW) reached all time high today, Nov, 25 and still has $113.20 target or 9.00% above today’s $103.85 share price. This indicates more upside for the $2.54B company. This technical setup was reported by Barchart.com. If the $113.20 PT is reached, the company will be worth $228.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.22% or $1.25 during the last trading session, hitting $103.85. About 81,577 shares traded hands. Drew Industries, Inc. (NYSE:DW) has risen 59.17% since April 22, 2016 and is uptrending. It has outperformed by 53.76% the S&P500.
Analysts await Drew Industries, Inc. (NYSE:DW) to report earnings on February, 9.
Drew Industries, Inc. (NYSE:DW) Ratings Coverage
Out of 3 analysts covering Drew Industries (NYSE:DW), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Drew Industries has been the topic of 4 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The rating was initiated by Sidoti with “Buy” on Thursday, October 8. The firm has “Buy” rating given on Monday, August 15 by Citigroup. The rating was upgraded by CL King on Friday, November 4 to “Buy”. The stock of Drew Industries, Inc. (NYSE:DW) earned “Buy” rating by Citigroup on Friday, May 20.
According to Zacks Investment Research, “Drew Industries Incorporated has two reportable operating segments, the manufactured housing products segment and the recreational vehicle products segment. Several of the Company’s customers produce both manufactured homes and recreational vehicles, and the Company supplies products having similar characteristics for use in both these lines of business.”
Insitutional Activity: The institutional sentiment decreased to 1.53 in 2016 Q2. Its down 0.22, from 1.75 in 2016Q1. The ratio dropped, as 15 funds sold all Drew Industries, Inc. shares owned while 52 reduced positions. 51 funds bought stakes while 66 increased positions. They now own 23.25 million shares or 1.29% more from 22.96 million shares in 2016Q1.
American Intl Gru Incorporated accumulated 0% or 17,798 shares. Neuberger Berman Group Llc accumulated 1.46 million shares or 0.17% of the stock. State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Loomis Sayles And Company L P reported 225,223 shares or 0.05% of all its holdings. Opus Grp Incorporated Ltd Liability owns 2,711 shares or 0.05% of their US portfolio. Regions Fincl Corp last reported 12,851 shares in the company. Tci Wealth Advsr last reported 11 shares in the company. Prudential has invested 0.01% of its portfolio in Drew Industries, Inc. (NYSE:DW). Driehaus Mngmt Lc last reported 0.06% of its portfolio in the stock. Insight Rech & Mngmt holds 1.11% or 37,578 shares in its portfolio. Eam Investors Llc owns 34,976 shares or 0.45% of their US portfolio. First Personal Fincl Services holds 0% of its portfolio in Drew Industries, Inc. (NYSE:DW) for 85 shares. C M Bidwell Assocs Ltd accumulated 0.09% or 4,145 shares. Deere And has 6,166 shares for 0.03% of their US portfolio. First Manhattan holds 114,609 shares or 0.06% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 12 sales for $6.08 million net activity. On Wednesday, June 1 LOWE JOHN B JR sold $826,960 worth of the stock or 10,687 shares. $350,000 worth of Drew Industries, Inc. (NYSE:DW) shares were sold by Deely Brendan. Mereness Scott T had sold 3,000 shares worth $240,000. ABRAMS LEIGH J sold 5,527 shares worth $447,190. The insider HEGI FREDERICK B JR sold $960,700. On Wednesday, June 8 Hall Brian Michael sold $55,427 worth of the stock or 687 shares. 2,500 Drew Industries, Inc. (NYSE:DW) shares with value of $240,975 were sold by REED DAVID A.
More notable recent Drew Industries, Inc. (NYSE:DW) news were published by: Prnewswire.com which released: “Drew Industries Reports 2016 Third Quarter Results” on November 03, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Drew Industries, Wyndham Worldwide and D.R. Horton” published on November 21, 2016, Prnewswire.com published: “Drew Industries Agrees To Acquire The Seating And Chassis Component Business …” on October 27, 2016. More interesting news about Drew Industries, Inc. (NYSE:DW) were released by: Prnewswire.com and their article: “Drew Industries Acquires Highwater Marine Furniture Division” published on January 27, 2016 as well as Prnewswire.com‘s news article titled: “Drew Industries Announces Executive Change” with publication date: September 26, 2016.
DW Company Profile
Drew Industries Incorporated, incorporated on March 20, 1984, 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 Firm 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. The Firm operates in two divisions, which include the recreational vehicle products segment (the RV Segment), and the manufactured housing products segment (the MH Segment). RVs are motorized (motorhomes) or towable, such as travel trailers, fifth-wheel travel trailers, folding camping trailers and truck campers.
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