The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Thu Jul 28, 2016
Pat Ward, the insider, who is presently the Vice president and CFO of Cummins, Inc sold close to 5,000 shares of the corporation with the total value being placed at $612,500, estimated based on $122.5 per share. Currently, Pat Ward has ownership of a total of 33,852 shares or 0.02 percent of Cummins Inc.’s total market capitalization. This trade was completed on July 27. A legal form filed with the SEC and freely available here, shows an extra information for the trade.
Out of 18 analysts covering Cummins two rate it a “Buy”, two say “Sell”, while 14 say “Hold”. This means 11 percent are positive. $162 is the highest target while $79 is the lowest. The $106.71 average target is -13.60 percent below today’s ($123.50) stock price. Cummins has been the topic of 39 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Standpoint Research downgraded the stock on July 14 to “Hold” rating. RBC Capital Markets initiated it with “Sector Perform” rating and $98 target price in a March 15 report. Robert W. Baird downgraded the shares of CMI in a report on April 21 to “Underperform” rating. Macquarie Research maintained the firm’s rating on Feb. 5. Macquarie Research has “Outperform” rating and $111 price target. Lastly, Macquarie Research downgraded the stock to “Neutral” rating in an April 11 report.
The institutional sentiment increased to 1.07 in Q1 2016. Its up 0.41, from 0.66 in 2015 Quarter 4. The ratio is positive, as 76 funds sold all Cummins Inc. shares owned while 257 reduced positions. About 101 funds bought stakes while 254 increased positions. They now own 153.23 million shares or 8.72 percent more from 140.94 million shares in 2015 Quarter 4.