Drew Industries (DW) : Pembroke Management Ltd reduced its stake in Drew Industries by 3.49% during the most recent quarter end. The investment management company now holds a total of 546,917 shares of Drew Industries which is valued at $35,396,468 after selling 19,800 shares in Drew Industries , the firm said in a disclosure report filed with the SEC on May 3, 2016.Drew Industries makes up approximately 3.35% of Pembroke Management Ltd’s portfolio.
Other Hedge Funds, Including , Parkside Financial Bank Trust boosted its stake in DW in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 861 shares of Drew Industries which is valued at $55,724. Drew Industries makes up approx 0.03% of Parkside Financial Bank Trust’s portfolio.Russell Frank Co boosted its stake in DW in the latest quarter, The investment management firm added 5,132 additional shares and now holds a total of 30,412 shares of Drew Industries which is valued at $1,971,610.
Drew Industries opened for trading at $70.84 and hit $72.68 on the upside on Tuesday, eventually ending the session at $71.77, with a gain of 1.86% or 1.31 points. The heightened volatility saw the trading volume jump to 5,68,458 shares. Company has a market cap of $1,750 M.
On the company’s financial health, Drew Industries reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.45 according to the earnings call on May 9, 2016. Analyst had a consensus of $1.00. The company had revenue of $422.80 million for the quarter, compared to analysts expectations of $402.97 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.
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.