Mondrian Investment Partners Ltd Lowers stake in Drew Industries (DW)

Drew Industries (DW) : Mondrian Investment Partners Ltd reduced its stake in Drew Industries by 12.72% during the most recent quarter end. The investment management company now holds a total of 33,998 shares of Drew Industries which is valued at $3,048,601 after selling 4,954 shares in Drew Industries , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Drew Industries makes up approximately 0.07% of Mondrian Investment Partners Ltd’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in DW by selling 1,357 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 49,891 shares of DW which is valued at $4,473,726. Drew Industries makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Mitchell Capital Management Co added DW to its portfolio by purchasing 36,736 company shares during the most recent quarter which is valued at $3,365,385. Drew Industries makes up approx 1.30% of Mitchell Capital Management Co’s portfolio.Rice Hall James Associates boosted its stake in DW in the latest quarter, The investment management firm added 2,730 additional shares and now holds a total of 193,644 shares of Drew Industries which is valued at $17,929,498. Drew Industries makes up approx 0.98% of Rice Hall James Associates’s portfolio. Rs Investment Management Co added DW to its portfolio by purchasing 41,560 company shares during the most recent quarter which is valued at $3,848,040. Drew Industries makes up approx 0.04% of Rs Investment Management Co’s portfolio.

Drew Industries opened for trading at $90.58 and hit $96.93 on the upside on Thursday, eventually ending the session at $94.05, with a gain of 4.88% or 4.38 points. The heightened volatility saw the trading volume jump to 6,44,120 shares. Company has a market cap of $2,305 M.

On the company’s financial health, Drew Industries reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.34. The company had revenue of $440.83 million for the quarter, compared to analysts expectations of $407.70 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 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.

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