Drew Industries Inc (DW) Files Form 4 Insider Selling : Scott T Mereness Sells 3,000 Shares

Drew Industries Inc (DW): Scott T Mereness , President of Drew Industries Inc sold 3,000 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $80.00 per share for a total value of $240,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Scott T Mereness (President) sold 3,000 shares at $80.00 per share price.On Jun 9, 2016, Brian Michael Hall (Corporate Controller) sold 687 shares at $80.68 per share price.Also, On Jun 3, 2016, John B Jr Lowe (director) sold 10,687 shares at $77.38 per share price.On May 17, 2016, Leigh J Abrams (director) sold 10,000 shares at $74.58 per share price.

Shares of Drew Industries (DW) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -0.33% at $80.43 with 1,19,238 shares getting traded. Post opening the session at $80.37, the shares hit an intraday low of $79.65 and an intraday high of $80.75 and the price vacillated in this range throughout the day. The company has a market cap of $1,971 M and the number of outstanding shares has been calculated to be 2,45,04,986 shares. The 52-week high of Drew Industries is $81.23 and the 52-week low is $51.

Drew Industries Money Flow Index Chart

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.

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