Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the transaction, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cavco Industries Stock Down 2.9 %
Shares of Cavco Industries stock opened at $467.61 on Wednesday. The company's fifty day simple moving average is $427.96 and its two-hundred day simple moving average is $391.53. Cavco Industries, Inc. has a 12-month low of $254.11 and a 12-month high of $484.80. The firm has a market cap of $3.79 billion, a PE ratio of 26.43 and a beta of 1.24.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (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 company had revenue of $507.46 million for the quarter, compared to analysts' expectations of $480.10 million. During the same period last year, the firm earned $4.76 earnings per share. As a group, sell-side analysts expect that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cavco Industries
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A number of large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Cavco Industries by 9,900.0% in the second quarter. Blue Trust Inc. now owns 100 shares of the construction company's stock worth $35,000 after acquiring an additional 99 shares during the period. Farther Finance Advisors LLC raised its holdings in Cavco Industries by 390.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock worth $44,000 after purchasing an additional 82 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Cavco Industries in the 3rd quarter worth about $64,000. GAMMA Investing LLC lifted its position in shares of Cavco Industries by 30.2% in the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock worth $118,000 after purchasing an additional 64 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Cavco Industries during the 2nd quarter valued at about $138,000. 95.56% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Wedbush lifted their price objective on Cavco Industries from $425.00 to $455.00 and gave the stock an "outperform" rating in a report on Friday, October 11th. Craig Hallum raised their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, November 4th.
View Our Latest Analysis on Cavco Industries
Cavco Industries Company Profile
(
Get Free Report)
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.
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