In an insider trade, as reported by voicechronicle, Jason Lippert, CEO of Drew Industries, Inc. (NYSE:DW) sold 2,800 shares of company stock at $59.80 per share for a net of $167,440. He still owns 130,711 shares, 0.55 percent of the company’s market cap of $1.41 billion. Company stock has risen 0.98 percent since April 22, 2015 and has outperformed the S&P 500 by 1.99 percent.

As MHProNews reported Nov. 16, 2015, Drew Chairman Emeritus Leigh J. Abrams sold 6,000 shares of company stock at $59.27 per share for a net value of $355,620. In today’s trading, shares of Drew closed up +$2.13 at $60.52.

From its wholly-owned subsidiary Lippert Components, Inc., in Elkhart, Indiana, and through its 37 facilities across the nation, Drew produces and distributes components to the manufactured housing and recreational vehicle industries. ##

(Photo credit:goshenenews–Jason Lippert, CEO Drew Industries, Inc.)

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