The Capital Fund Management S.A. Acquires 8,500 Shares of Drew Industries Incorporated (DW)

The Capital Fund Management S.A. Acquires 8,500 Shares of Drew Industries Incorporated (DW)

Capital Fund Management S.A. raised its stake in Drew Industries Incorporated (NYSE:DW) by 104.9% during the third quarter, Holdings Channel reports. The firm owned 16,600 shares of the company’s stock after buying an additional 8,500 shares during the period. Capital Fund Management S.A. owned about 0.07% of Drew Industries worth $1,627,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Nationwide Fund Advisors increased its stake 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 period. Public Employees Retirement System of Ohio increased its stake in shares of Drew Industries by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the company’s stock valued at $126,000 after buying an additional 46 shares during the period. Louisiana State Employees Retirement System increased its stake 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 period. BlackRock Advisors LLC increased its stake in shares of Drew Industries by 0.7% in the second quarter. BlackRock Advisors LLC now owns 15,197 shares of the company’s stock valued at $1,289,000 after buying an additional 101 shares during the period. Finally, PineBridge Investments L.P. increased its stake in shares of Drew Industries by 4.3% in the second quarter. PineBridge Investments L.P. now owns 3,108 shares of the company’s stock valued at $264,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 93.55% of the company’s stock.

Drew Industries Incorporated (NYSE:DW) opened at 107.75 on Friday. The stock has a market capitalization of $2.65 billion, a PE ratio of 22.39 and a beta of 1.24. The company’s 50-day moving average is $105.62 and its 200 day moving average is $95.75. Drew Industries Incorporated has a 12-month low of $51.67 and a 12-month high of $113.65.

Drew Industries (NYSE:DW) last released its earnings results on Thursday, November 3rd. The company reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The company earned $412.37 million during the quarter, compared to the consensus estimate of $392.70 million. Drew Industries had a return on equity of 24.64% and a net margin of 7.42%. Drew Industries’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS. On average, analysts predict that Drew Industries Incorporated will post $5.11 EPS for the current year.

Several research analysts recently issued reports on the stock. Sidoti assumed coverage on shares of Drew Industries in a report on Thursday, December 22nd. They set a “buy” rating and a $140.00 price target for the company. CL King raised shares of Drew Industries from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, November 4th.

In other news, CEO Jason Lippert sold 1,500 shares of the business’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $112.50, for a total value of $168,750.00. Following the completion of the sale, the chief executive officer now owns 139,935 shares of the company’s stock, valued at approximately $15,742,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Scott T. Mereness sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $111.25, for a total transaction of $111,250.00. Following the completion of the sale, the president now directly owns 157,728 shares of the company’s stock, valued at approximately $17,547,240. The disclosure for this sale can be found here. Insiders sold a total of 37,020 shares of company stock valued at $3,930,478 in the last three months. Insiders own 3.80% of the company’s stock.

Drew Industries Company Profile

LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.

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