Cavco Industries (NASDAQ:CVCO) Rating Increased to Buy at StockNews.com

Cavco Industries (NASDAQ:CVCO - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

A number of other equities research analysts have also weighed in on the company. Craig Hallum boosted their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Wedbush restated a "neutral" rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday.

Cavco Industries Price Performance

CVCO traded down $8.62 during trading on Monday, hitting $528.60. 63,175 shares of the stock traded hands, compared to its average volume of 62,395. The business has a 50 day moving average price of $474.10 and a 200 day moving average price of $442.08. Cavco Industries has a twelve month low of $331.08 and a twelve month high of $544.08. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 26.01 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping analysts' consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.25% and a net margin of 8.75%. On average, equities research analysts predict that Cavco Industries will post 18 earnings per share for the current year.

Insider Activity at Cavco Industries

In other Cavco Industries news, insider Matthew A. Nino sold 894 shares of the company's stock in a transaction 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 sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Blount sold 2,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the sale, the director now owns 2,836 shares of the company's stock, valued at approximately $1,438,362.48. The trade was a 41.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,619 shares of company stock worth $2,319,395 over the last three months. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Cavco Industries

A number of large investors have recently bought and sold shares of the stock. Moran Wealth Management LLC boosted its holdings in Cavco Industries by 4.8% in the fourth quarter. Moran Wealth Management LLC now owns 1,453 shares of the construction company's stock worth $648,000 after acquiring an additional 66 shares in the last quarter. Amundi lifted its holdings in shares of Cavco Industries by 181.4% in the 4th quarter. Amundi now owns 4,089 shares of the construction company's stock worth $1,817,000 after purchasing an additional 2,636 shares in the last quarter. Aviance Capital Partners LLC grew its position in Cavco Industries by 7.2% in the 4th quarter. Aviance Capital Partners LLC now owns 18,569 shares of the construction company's stock valued at $8,286,000 after purchasing an additional 1,253 shares during the period. Raymond James Financial Inc. bought a new stake in Cavco Industries during the 4th quarter valued at $5,967,000. Finally, Proficio Capital Partners LLC acquired a new position in Cavco Industries during the fourth quarter worth $5,376,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.