Drew Stock Hits New 52-Week High (DW)

NEW YORK ( TheStreet) -- Drew Industries (NYSE: DW) hit a new 52-week high Thursday as it is currently trading at $26.81, above its previous 52-week high of $26.78 with 24,748 shares traded as of 11:49 a.m. ET. Average volume has been 92,800 shares over the past 30 days.

Drew has a market cap of $550.9 million and is part of the consumer goods sector and automotive industry. Shares are up 7.8% year to date as of the close of trading on Wednesday.

Drew Industries Incorporated, through its subsidiaries, manufactures and markets various components for recreational vehicles and manufactured homes in the United States. It operates in two segments, Recreational Vehicle Products (RV) and Manufactured Housing Products (MH). The company has a P/E ratio of 20, above the average automotive industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Drew as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Drew Ratings Report.

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