Cavco Industries, Inc. (NASDAQ:CVCO) Director Sells $353,775.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 750 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the transaction, the director now directly owns 2,836 shares in the company, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Cavco Industries Price Performance

Shares of Cavco Industries stock traded up $5.31 on Friday, reaching $476.84. 69,091 shares of the company were exchanged, compared to its average volume of 54,126. Cavco Industries, Inc. has a 1-year low of $310.46 and a 1-year high of $544.08. The stock’s 50 day moving average price is $473.44 and its 200-day moving average price is $428.76. The company has a market cap of $3.87 billion, a P/E ratio of 26.96 and a beta of 1.33.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.58. The firm had revenue of $507.46 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $4.76 earnings per share. On average, research analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wedbush lowered shares of 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. StockNews.com cut shares of Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Craig Hallum increased 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.

Institutional Investors Weigh In On Cavco Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its stake in Cavco Industries by 20.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,832 shares of the construction company’s stock valued at $1,673,000 after purchasing an additional 813 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Cavco Industries by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,448 shares of the construction company’s stock worth $11,925,000 after acquiring an additional 331 shares in the last quarter. Hsbc Holdings PLC lifted its position in Cavco Industries by 20.7% in the second quarter. Hsbc Holdings PLC now owns 1,578 shares of the construction company’s stock valued at $546,000 after acquiring an additional 271 shares during the last quarter. Seven Eight Capital LP lifted its position in Cavco Industries by 209.1% in the second quarter. Seven Eight Capital LP now owns 1,833 shares of the construction company’s stock valued at $635,000 after acquiring an additional 1,240 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Cavco Industries in the second quarter valued at $411,000. Institutional investors and hedge funds 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.