Stock On Watch: After Achieving All Time High, Is Drew Industries, Inc.’s Near-Term Analysis Positive?

Stock On Watch: After Achieving All Time High, Is Drew Industries, Inc.'s Near Term Analysis Positive?

The stock of Drew Industries, Inc. (NYSE:DW) reached all time high today, Nov, 30 and still has $108.30 target or 3.00% above today’s $105.15 share price. This indicates more upside for the $2.68 billion company. This technical setup was reported by Barchart.com. If the $108.30 PT is reached, the company will be worth $80.40 million 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. About 36,128 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. Drew Industries has been the topic of 4 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Sidoti given on Thursday, October 8. The stock of Drew Industries, Inc. (NYSE:DW) earned “Buy” rating by Citigroup on Friday, May 20. The firm has “Buy” rating by CL King given on Friday, November 4. Citigroup maintained it with “Buy” rating and $110 target price in Monday, August 15 report.

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 is 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.
First Ltd Partnership has 25,987 shares for 0.01% of their US portfolio. Tower Research Capital Lc (Trc) has invested 0.01% of its portfolio in Drew Industries, Inc. (NYSE:DW). Boston Prtnrs has 0.1% invested in the company for 808,463 shares. Tfs Cap Lc accumulated 5,811 shares or 0.09% of the stock. Blackrock Ltd holds 0% of its portfolio in Drew Industries, Inc. (NYSE:DW) for 37,521 shares. Dixon Hubard Feinour & Brown Inc Va has 10,725 shares for 0.29% of their US portfolio. The Quebec – Canada-based Pembroke Mgmt Limited has invested 3.19% in Drew Industries, Inc. (NYSE:DW). Moreover, Ranger Mgmt Ltd Partnership has 1.88% invested in Drew Industries, Inc. (NYSE:DW) for 359,120 shares. Citigroup Inc holds 13,991 shares or 0% of its portfolio. Hillsdale Inv Management Inc accumulated 900 shares or 0.02% of the stock. Deutsche Bancshares Ag accumulated 0% or 57,676 shares. Albion Financial Gru Ut holds 0.04% or 2,598 shares in its portfolio. Bnp Paribas Arbitrage owns 8,293 shares or 0% of their US portfolio. Moreover, Voya Mngmt Ltd Liability Corp has 0% invested in Drew Industries, Inc. (NYSE:DW) for 14,989 shares. Rhumbline Advisers has invested 0.01% of its portfolio in Drew Industries, Inc. (NYSE:DW).

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 13 sales for $5.65 million net activity. REED DAVID A sold $240,975 worth of stock. Mereness Scott T sold $605,500 worth of stock or 6,000 shares. 10,000 shares with value of $960,700 were sold by HEGI FREDERICK B JR on Wednesday, August 10. LOWE JOHN B JR sold $826,960 worth of Drew Industries, Inc. (NYSE:DW) on Wednesday, June 1. $964,300 worth of Drew Industries, Inc. (NYSE:DW) was sold by ABRAMS LEIGH J. Schnur Jamie sold $103,000 worth of stock or 1,000 shares. On Wednesday, November 23 the insider LIPPERT JASON sold $286,916.

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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