Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) insider Matthew A. Nino sold 894 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total transaction of $472,952.82. Following the transaction, the insider now owns 771 shares of the company's stock, valued at approximately $407,882.13. This represents a 53.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Cavco Industries Stock Performance
Shares of Cavco Industries stock traded down $0.27 on Monday, hitting $528.33. The stock had a trading volume of 42,566 shares, compared to its average volume of 61,629. The stock has a 50 day moving average of $474.39 and a 200 day moving average of $443.57. The firm has a market capitalization of $4.28 billion, a P/E ratio of 26.00 and a beta of 1.35. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.
Hedge Funds Weigh In On Cavco Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank raised its holdings in Cavco Industries by 1.2% during the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company's stock worth $1,040,000 after purchasing an additional 29 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company's stock worth $767,000 after acquiring an additional 31 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Cavco Industries by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company's stock valued at $4,066,000 after acquiring an additional 37 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after acquiring an additional 42 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after purchasing an additional 55 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Wedbush restated a "neutral" rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. Craig Hallum boosted their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd.
Read Our Latest Research Report on CVCO
About Cavco Industries
(
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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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