Susan L. Blount Sells 2,000 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) Director Susan L. Blount sold 2,000 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total value of $1,014,360.00. Following the transaction, the director now directly owns 2,836 shares in the company, valued at $1,438,362.48. The trade was a 41.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Cavco Industries Price Performance

Shares of Cavco Industries stock traded down $0.27 during midday trading on Monday, hitting $528.33. The company had a trading volume of 42,566 shares, compared to its average volume of 61,629. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08. The business's 50 day simple moving average is $474.39 and its two-hundred day simple moving average is $443.57. The stock has a market cap of $4.28 billion, a PE ratio of 26.00 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, sell-side analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wedbush reissued a "neutral" rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com upgraded shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Finally, Craig Hallum boosted 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.

Institutional Trading of Cavco Industries

Institutional investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in Cavco Industries in the second quarter worth $692,000. Squarepoint Ops LLC bought a new position in Cavco Industries during the second quarter worth about $594,000. The Manufacturers Life Insurance Company boosted its holdings in Cavco Industries by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 4,602 shares of the construction company's stock valued at $1,593,000 after purchasing an additional 87 shares in the last quarter. Algert Global LLC bought a new stake in shares of Cavco Industries in the 2nd quarter valued at approximately $262,000. Finally, Creative Planning raised its holdings in shares of Cavco Industries by 116.8% in the 2nd quarter. Creative Planning now owns 1,136 shares of the construction company's stock worth $393,000 after buying an additional 612 shares in the last quarter. 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.