Cavco Industries (NASDAQ:CVCO) Trading Down 2.1% – What’s Next?

Shares of Cavco Industries, Inc. (NASDAQ:CVCO) traded down 2.1% on Friday . The company traded as low as $488.00 and last traded at $488.24. 5,275 shares traded hands during trading, a decline of 92% from the average session volume of 63,883 shares. The stock had previously closed at $498.78.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CVCO. Wedbush cut Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective for the company. in a research note on Tuesday, December 3rd. Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Wednesday.

Cavco Industries Stock Performance

The company has a market cap of $3.93 billion, a price-to-earnings ratio of 27.40 and a beta of 1.29. The stock’s fifty day moving average is $463.95 and its two-hundred day moving average is $412.27.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, topping the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The firm had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. During the same period in the prior year, the business posted $4.76 earnings per share. On average, equities research analysts expect that Cavco Industries, Inc. will post 18 EPS for the current year.

Insider Activity at Cavco Industries

In other news, Director Julia Sze sold 125 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $503.31, for a total value of $62,913.75. Following the transaction, the director now owns 2,736 shares in the company, valued at $1,377,056.16. The trade was a 4.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Paul Bigbee sold 100 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $512.23, for a total value of $51,223.00. Following the completion of the transaction, the chief accounting officer now directly owns 981 shares of the company’s stock, valued at approximately $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 350 shares of company stock valued at $171,472. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its position in shares of Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after purchasing an additional 99 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new stake in Cavco Industries in the third quarter worth about $64,000. GAMMA Investing LLC boosted its stake in Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after acquiring an additional 64 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Cavco Industries during the 2nd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.