Cavco Industries, Inc. (NASDAQ:CVCO) Director Sells $62,913.75 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) Director Julia Sze sold 125 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $503.31, for a total transaction of $62,913.75. Following the transaction, the director now owns 2,736 shares of the company's stock, valued at $1,377,056.16. The trade was a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Julia Sze also recently made the following trade(s):

• On Friday, November 8th, Julia Sze sold 125 shares of Cavco Industries stock. The shares were sold at an average price of $458.68, for a total value of $57,335.00.

Cavco Industries Price Performance

Cavco Industries stock traded down $3.69 during mid-day trading on Tuesday, hitting $500.00. 73,130 shares of the company's stock traded hands, compared to its average volume of 64,182. The firm has a 50 day simple moving average of $460.04 and a two-hundred day simple moving average of $410.10. Cavco Industries, Inc. has a fifty-two week low of $301.56 and a fifty-two week high of $544.08. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 28.26 and a beta of 1.29.

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 analysts' consensus estimates of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The company had revenue of $507.46 million during the quarter, compared to analysts' expectations of $480.10 million. During the same quarter last year, the company posted $4.76 EPS. On average, research analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cavco Industries

Several institutional investors and hedge funds have recently made changes to their positions in CVCO. Assenagon Asset Management S.A. lifted its holdings in shares of Cavco Industries by 1,610.3% during the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company's stock worth $26,052,000 after buying an additional 57,278 shares in the last quarter. Cerity Partners LLC increased its position in Cavco Industries by 91.8% during the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company's stock worth $20,091,000 after acquiring an additional 22,451 shares during the period. Atom Investors LP acquired a new stake in Cavco Industries in the 3rd quarter worth about $7,572,000. Harbor Capital Advisors Inc. boosted its holdings in Cavco Industries by 147.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company's stock valued at $9,592,000 after purchasing an additional 13,331 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Cavco Industries by 6.1% during the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company's stock worth $96,107,000 after purchasing an additional 12,822 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

Wall Street Analyst Weigh In

CVCO has been the topic of several analyst reports. Wedbush lowered shares of Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 price target on the stock. in a research report on Tuesday, December 3rd. StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Finally, Craig Hallum lifted their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a report on Monday, November 4th.

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.