MHProNews has learned Drew Industries, Inc. (NYSE:DW) President Scott T. Mereness sold 3,803 shares of company stock at $63.50 a share for a total value of $241,490.50, as disclosed in a filing with the Securities and Exchange Commission (SEC). It was not immediately known how many shares Mereness continues to hold.

In addition, Drew Chairman of the Board Leigh J. Abrams sold 10,000 shares at $62. per share March 30, 2015, as as disclosed by a filing with the SEC. Currently, according to moneyflowindex, 4.27 percent of the outstanding 24,131,000 shares are owned by company insiders, 95.8 percent are held by institutions. Drew closed down -0.52 percent at $60.95 in trading Friday, May 22. The company has a market cap of $1,479 million.

Headquartered in Elkhart, Indiana, from 31 facilities across the nation Drew supplies components to the manufactured home and recreational vehicle industries. ##

(Image credit: Drew Industries, Inc.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.