Cavco Industries (NASDAQ:CVCO) Releases Earnings Results, Beats Expectations By $2.01 EPS

Cavco Industries (NASDAQ:CVCO - Get Free Report) issued its earnings results on Thursday. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.89 by $2.01, Zacks reports. Cavco Industries had a return on equity of 16.25% and a net margin of 8.75%.

Cavco Industries Stock Performance

CVCO traded up $10.67 during trading on Monday, reaching $519.31. 113,649 shares of the stock were exchanged, compared to its average volume of 60,007. The stock's 50 day moving average price is $473.70 and its two-hundred day moving average price is $439.00. Cavco Industries has a twelve month low of $331.08 and a twelve month high of $544.08. The stock has a market cap of $4.21 billion, a P/E ratio of 25.56 and a beta of 1.35.

Insider Buying and Selling at Cavco Industries

In other news, CAO Paul Bigbee sold 100 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $512.23, for a total transaction of $51,223.00. Following the completion of the sale, the chief accounting officer now owns 981 shares of the company's stock, valued at approximately $502,497.63. This represents a 9.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Julia Sze sold 125 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were 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 directly owns 2,861 shares of the company's stock, valued at approximately $1,312,283.48. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,850 shares of company stock worth $889,417 over the last quarter. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wedbush reissued a "neutral" rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research note on Monday. StockNews.com lowered shares of Cavco Industries from a "buy" rating to a "hold" rating in a report on Friday, December 20th. Finally, Craig Hallum raised their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research note 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.