Dimensional Fund Advisors LP increased its position in shares of Drew Industries Inc. (NYSE:DW) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 916,487 shares of the company’s stock after buying an additional 10,872 shares during the period. Dimensional Fund Advisors LP owned about 3.72% of Drew Industries worth $77,753,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DW. Nationwide Fund Advisors raised its position in shares of Drew Industries by 0.3% in the second quarter. Nationwide Fund Advisors now owns 15,641 shares of the company’s stock valued at $1,327,000 after buying an additional 42 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of Drew Industries by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 9,571 shares of the company’s stock valued at $812,000 after buying an additional 60 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Drew Industries by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 17,951 shares of the company’s stock valued at $1,157,000 after buying an additional 90 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Drew Industries by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $925,000 after buying an additional 100 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Drew Industries by 0.3% in the first quarter. Teachers Advisors Inc. now owns 44,546 shares of the company’s stock valued at $2,871,000 after buying an additional 144 shares during the last quarter. 95.69% of the stock is owned by institutional investors and hedge funds.
Shares of Drew Industries Inc. (NYSE:DW) traded up 0.47% during mid-day trading on Monday, reaching $97.80. The company’s stock had a trading volume of 63,867 shares. Drew Industries Inc. has a 12-month low of $51.67 and a 12-month high of $103.19. The stock has a market capitalization of $2.40 billion, a P/E ratio of 22.67 and a beta of 1.15. The company’s 50-day moving average price is $97.98 and its 200-day moving average price is $80.47.
Drew Industries (NYSE:DW) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.29 by $0.22. Drew Industries had a return on equity of 23.42% and a net margin of 6.93%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $413.09 million. During the same quarter last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities research analysts forecast that Drew Industries Inc. will post $5.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 17th. Drew Industries’s dividend payout ratio (DPR) is currently 27.84%.
Separately, Citigroup Inc. upped their target price on Drew Industries from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 15th.
In other news, Director Leigh J. Abrams sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $96.43, for a total value of $964,300.00. Following the transaction, the director now owns 65,516 shares of the company’s stock, valued at $6,317,707.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Scott T. Mereness sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $100.92, for a total value of $605,520.00. Following the completion of the transaction, the president now directly owns 159,404 shares in the company, valued at approximately $16,087,051.68. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.
Drew Industries Company Profile
Drew Industries Incorporated, 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 Company 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.
Receive News & Ratings for Drew Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drew Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.