Drew Industries (DW) : Handelsinvest Investeringsforvaltning scooped up 11,400 additional shares in Drew Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 57,900 shares of Drew Industries which is valued at $5,581,560.Drew Industries makes up approximately 2.03% of Handelsinvest Investeringsforvaltning’s portfolio.
Other Hedge Funds, Including , Advisors Asset Management reduced its stake in DW by selling 11,900 shares or 50.03% in the most recent quarter. The Hedge Fund company now holds 11,887 shares of DW which is valued at $1,145,907. Drew Industries makes up approx 0.02% of Advisors Asset Management’s portfolio.Sawgrass Asset Management boosted its stake in DW in the latest quarter, The investment management firm added 13,230 additional shares and now holds a total of 16,880 shares of Drew Industries which is valued at $1,513,630. Drew Industries makes up approx 0.07% of Sawgrass Asset Management’s portfolio.Louisiana State Employees Retirement System boosted its stake in DW in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 10,900 shares of Drew Industries which is valued at $1,009,231. Drew Industries makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio. Id Management As added DW to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $9,032.
Drew Industries opened for trading at $96.23 and hit $97.17 on the upside on Monday, eventually ending the session at $97.09, with a gain of 1.51% or 1.44 points. The heightened volatility saw the trading volume jump to 2,36,905 shares. Company has a market cap of $2,387 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.