Susan L. Blount Sells 750 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $485.56, for a total transaction of $364,170.00. Following the completion of the sale, the director now owns 2,086 shares of the company’s stock, valued at $1,012,878.16. This represents a 26.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cavco Industries Trading Down 4.5 %

Cavco Industries stock opened at $452.12 on Thursday. The firm’s fifty day moving average price is $466.66 and its two-hundred day moving average price is $415.17. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 25.56 and a beta of 1.29. Cavco Industries, Inc. has a 1-year low of $304.10 and a 1-year high of $544.08.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on CVCO shares. StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Wedbush lowered Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price for the company. in a research report on Tuesday, December 3rd. Finally, Craig Hallum raised their price objective on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Hedge Funds Weigh In On Cavco Industries

Several large investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its position in shares of Cavco Industries by 37.1% during the second quarter. Thrivent Financial for Lutherans now owns 9,456 shares of the construction company’s stock valued at $3,274,000 after purchasing an additional 2,558 shares in the last quarter. Quest Partners LLC purchased a new stake in Cavco Industries during the second quarter worth about $931,000. Fisher Asset Management LLC increased its stake in shares of Cavco Industries by 8.5% during the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after purchasing an additional 5,620 shares during the last quarter. Blue Trust Inc. grew its holdings in Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after purchasing an additional 90 shares during the period. Finally, Cerity Partners LLC increased its position in Cavco Industries by 91.8% in the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after buying an additional 22,451 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

About Cavco Industries

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.