The stock of Drew Industries, Inc. (NYSE:DW) hit a new 52-week high and has $111.57 target or 6.00% above today’s $105.25 share price. The 8 months bullish chart indicates low risk for the $2.68B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $111.57 price target is reached, the company will be worth $160.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,789 shares traded hands. Drew Industries, Inc. (NYSE:DW) has risen 63.59% since April 27, 2016 and is uptrending. It has outperformed by 58.36% 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. $110 is the highest target while $85 is the lowest. The $110 average target is 4.51% above today’s ($105.25) stock price. Drew Industries has been the topic of 4 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 8 by Sidoti. The company was maintained on Monday, August 15 by Citigroup. The rating was upgraded by CL King to “Buy” on Friday, November 4. The firm earned “Buy” rating on Friday, May 20 by Citigroup.
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 turned negative, 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.
Ranger Inv Mgmt Limited Partnership reported 359,120 shares or 1.88% of all its holdings. Blackrock Grp Limited has invested 0% of its portfolio in Drew Industries, Inc. (NYSE:DW). Grantham Mayo Van Otterloo Ltd Liability accumulated 136,721 shares or 0.05% of the stock. Tfs Capital Limited Liability Corp owns 5,811 shares or 0.09% of their US portfolio. Value Limited Partnership owns 17,800 shares or 0.97% of their US portfolio. Teachers Advsrs Inc has 0.01% invested in the company for 38,685 shares. Citigroup has 13,991 shares for 0% of their US portfolio. Vanguard Grp Inc Inc Inc reported 1.86 million shares or 0.01% of all its holdings. Sawgrass Asset Mgmt Ltd Liability Corporation, a Florida-based fund reported 16,880 shares. Motley Fool Wealth Mngmt Ltd Liability Co holds 0.78% or 84,095 shares in its portfolio. Dimensional Fund Limited Partnership holds 916,487 shares or 0.04% of its portfolio. Ladenburg Thalmann Inc, a Florida-based fund reported 540 shares. Laurion Capital Lp accumulated 0% or 2,925 shares. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Proshare Advsrs Ltd Liability holds 3,452 shares or 0% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 13 insider sales for $5.65 million net activity. Mereness Scott T also sold $240,000 worth of Drew Industries, Inc. (NYSE:DW) shares. On Wednesday, June 15 ABRAMS LEIGH J sold $447,190 worth of the stock or 5,527 shares. Schnur Jamie had sold 1,000 shares worth $103,000. $999,300 worth of shares were sold by LIPPERT JASON on Thursday, August 18. Shares for $55,427 were sold by Hall Brian Michael on Wednesday, June 8. $240,975 worth of Drew Industries, Inc. (NYSE:DW) was sold by REED DAVID A on Monday, August 8. $960,700 worth of Drew Industries, Inc. (NYSE:DW) shares were sold by HEGI FREDERICK B JR.
More important 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 Prnewswire.com published article titled: “Drew Industries Announces Executive Change”, Prnewswire.com published: “Drew Industries Reports 2016 Second Quarter Results” on August 04, 2016. More interesting news about Drew Industries, Inc. (NYSE:DW) was released by: Prnewswire.com and their article: “Drew Industries Acquires Highwater Marine Furniture Division” with publication date: January 27, 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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