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.
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.
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).