RVIA Economic Impact Study

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 .

Drew Industries Sells 10,000 Shares of Stock

Mon Aug 22, 2016

145521123876149.jpgDrew Industries Inc. CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred on Thursday, Aug. 18.

The stock was sold at an average price of $99.93, for a total transaction of $999,300. Following the completion of the sale, the chief executive officer now owns 145,485 shares of the company’s stock, valued at about $14.54 million. The transaction was disclosed in a filing with the SEC.

Separately, Citigroup Inc. increased its target price on shares of Drew Industries from $85 to $110 and gave the stock a “buy” rating in a research report on Monday. Drew Industries Inc. traded down 1.14 percent on Friday, hitting $99.37. It has a one year low of $51.05 and a one year high of $100.54. The stock has a market capitalization of $2.44 billion and a P/E ratio of 23.03. The company has a 50-day moving average of $91.77 and a 200-day moving average of $73.36.

Additional Information: http://www.thecerbatgem.com/2016/08/19/jason-lippert-sells-10000-shares-of-drew-industries-inc-dw-stock/