In a document filed with the Securities and Exchange Commission (SEC), dakotafinancialnews reports Scott T. Mereness, president of Drew Industries, Inc., sold 3,700 shares of stock in a transaction dated Nov. 25 at an average price of $60.00 per share for a total net of $222,000.00. Mereness now owns 115,242 shares, valued at $6,914,520.00.

As MHProNews reported Nov. 25, 2015, Drew CEO Jason Lippert sold 2,800 shares of company stock at $59.80 per share for a net of $167,440. He still owns 130,711 shares of stock. Further, MHProNews reported Nov. 16, 2015 that Drew Chairman Emeritus Leigh Abrams sold 6,000 shares of Drew stock for a transaction net of $355,620. In MHProNews’ daily stock report, Fri., Nov. 27, Drew’s stock closed up +1.90 at $61.67.

In the company’s last quarterly report filed Nov. 3, 2015, Drew’s revenue rose 17.3 percent compared to the same quarter of 2014, hitting $345 million, besting analyst’s estimates of $333.14 million.

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. ##

(Image credit: Drew Industries, Inc.)

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