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Drew Industries Declares Dividend of $0.30 per Share

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Price movement

Drew Industries (DW) rose by 2.4% and closed at $95.65 per share during the second week of August 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 2.4%, 6.3%, and 58.4%, respectively, as of August 12. Drew Industries is trading 3.7% above its 20-day moving average, 10.5% above its 50-day moving average, and 41.5% above its 200-day moving average.

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Related ETF and peers

The Vanguard Small-Cap ETF (VB) invests 0.07% of its holdings in Drew Industries. VB tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2%–15% of the investable universe. VB’s YTD price movement was 10.6% on August 12.

The market caps of Drew Industries’ peers are as follows:

  • Thor Industries (THO) – $4.1 billion
  • Berkshire Hathaway (BRK.A) – $363.7 billion

Drew Industries declared a dividend

Drew Industries declared a regular quarterly cash dividend of $0.30 per share on its common stock. The dividend will be paid on September 2, 2016, to shareholders of record at the close of business on August 19, 2016.

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Performance in 2Q16

Drew Industries reported 2Q16 net sales of $440.8 million—a rise of 21.7% compared to net sales of $362.1 million in 2Q15. The company’s gross profit margin and operating profit rose by 17.0% and 76.8%, respectively, in 2Q16—compared to the same period last year.

Its net income and EPS (earnings per share) rose to $37.6 million and $1.51, respectively, in 2Q16—compared to $20.9 million and $0.85, respectively, in 2Q15.

Drew Industries’ inventories fell by 12.6% in 2Q16—compared to 4Q15. It reported cash and cash equivalents of $78.6 million in 2Q16—compared to $12.3 million in 4Q15. Its current ratio fell to 2.1x and its DE (debt-to-equity) ratio rose to 0.51x in 2Q16—compared to a current ratio and a DE ratio of 2.5x and 0.42x, respectively, in 4Q15.

In the next part, we’ll look at Herbalife (HLF).

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