Drew Industries Inc. was Upgraded to a Buy Rating at C.L. King

By Ryan Adsit

C.L. King analyst Scott Stember upgraded Drew Industries Inc. (NYSE: DW) to Buy today. The company’s shares opened today at $85.

According to TipRanks.com, Stember is a 2-star analyst with an average return of -1.6% and a 50.0% success rate. Stember covers the Consumer Goods sector, focusing on stocks such as Motorcar Parts Of America, Standard Motor Products, and Vista Outdoor.

Drew Industries Inc. has an analyst consensus of Moderate Buy.

The company has a one year high of $103.19 and a one year low of $51.67. Currently, Drew Industries Inc. has an average volume of 235.3K.

Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Scott Mereness, the President of DW sold 2,000 shares for a total of $205,200.

Drew Industries, Inc. manufactures and supplies parts for manufactured homes and recreational vehicles. The company operates through its wholly owned subsidiaries, Kinro, Inc. and Lippert Components, Inc. It operates through two segments: Recreational Vehicle and Manufactured Housing products. The Recreational Vehicle segment manufactures housing products. It also supplies products as replacement parts to the RV aftermarket, and manufactures components for truck caps, buses, and trailers used to haul boats, livestock, equipment and other cargo. The Manufactured Housing segment manufactures a variety of products used in the production of manufactured homes and modular housing and mobile office units. Drew Industries was founded on March 20, 1984 and is headquartered in Elkhart, IN.