Advisors Preferred adds Drew Industries (DW) to its portfolio

Drew Industries (DW) : Advisors Preferred added new position in Drew Industries during the most recent quarter end. The investment management firm now holds 927 shares of Drew Industries which is valued at $88,668 , the company said in a statement filed on Aug 11, 2016 with the SEC.Drew Industries makes up approximately 0.05% of Advisors Preferred’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc sold out all of its stake in DW during the most recent quarter. The investment firm sold 74 shares of DW which is valued $7,078.Blackrock Fund Advisors boosted its stake in DW in the latest quarter, The investment management firm added 30,238 additional shares and now holds a total of 1,529,260 shares of Drew Industries which is valued at $146,273,719. Drew Industries makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in DW by selling 3,935 shares or 20.98% in the most recent quarter. The Hedge Fund company now holds 14,821 shares of DW which is valued at $1,384,578.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.

Drew Industries opened for trading at $100.1 and hit $100.585 on the upside on Tuesday, eventually ending the session at $99.89, with a gain of 0.36% or 0.36 points. The heightened volatility saw the trading volume jump to 1,60,841 shares. Company has a market cap of $2,456 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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