Drew Industries (NYSE:DW) had declared a cash dividend of $0.3000 on Aug 9, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed for Aug 19, 2016. On Aug 9, 2016 share price, the yield comes out to be 1.2475%. The dividend payable date has been fixed on Sep 2, 2016.
In a different note, On May 20, 2016, Citigroup said it Maintains its rating on Drew Industries. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Buy’ by the firm.
Drew Industries (DW) made into the market gainers list on Wednesdays trading session with the shares advancing 1.49% or 1.44 points. Due to strong positive momentum, the stock ended at $98.27, which is also near the day’s high of $98.31. The stock began the session at $97.19 and the volume stood at 2,27,415 shares. The 52-week high of the shares is $98.31 and the 52 week low is $51. The company has a current market capitalization of $2,416 M and it has 2,45,86,925 shares in outstanding.
Drew Industries(DW) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $440.83M. Analysts had an estimated revenue of $413.09M. Earnings per share were $1.51. Analysts had estimated an EPS of $1.29.
Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Scott T Mereness (President) sold 3,000 shares at $84.00 per share price.Also, On Jun 17, 2016, Leigh J Abrams (director) sold 5,527 shares at $80.91 per share price.On Jun 9, 2016, Brian Michael Hall (Corporate Controller) sold 687 shares at $80.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Drew Industries Incorporated through its subsidiaries supplies an array of components 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; modular housing and factory-built mobile office units. The Company operates in two segments: the RV products segment (the RV Segment) and the manufactured housing products segment (the MH Segment). the Company manufactures and markets a variety of products used primarily in the production of RVs and manufactured homes. As of 2014 the RV Segment accounted for 90% of consolidated net sales and the MH Segment accounted for 10% of consolidated net sales. RVs may be motorized (motorhomes) or towable such as travel trailers fifth-wheel travel trailers folding camping trailers and truck campers.