Cavco Industries (NASDAQ:CVCO) Shares Down 0.1% - Should You Sell?

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report)'s stock price dropped 0.1% during mid-day trading on Monday . The company traded as low as $513.47 and last traded at $514.18. Approximately 5,835 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 64,208 shares. The stock had previously closed at $514.50.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wedbush lifted their price target on shares of Cavco Industries from $425.00 to $455.00 and gave the stock an "outperform" rating in a report on Friday, October 11th. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, Craig Hallum increased their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a report on Monday, November 4th.

Cavco Industries Price Performance

The stock has a market capitalization of $4.22 billion, a PE ratio of 29.07 and a beta of 1.24. The company's 50 day moving average price is $449.40 and its two-hundred day moving average price is $403.05.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The company had revenue of $507.46 million during the quarter, compared to analyst estimates of $480.10 million. During the same period in the prior year, the business posted $4.76 earnings per share. Analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Insider Transactions at Cavco Industries

In related news, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the transaction, the director now directly owns 6,547 shares of the company's stock, valued at $2,679,032.40. This trade represents a 37.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction 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 in the company, valued at $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,313 shares of company stock valued at $1,780,681. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cavco Industries

Several large investors have recently modified their holdings of CVCO. Blue Trust Inc. boosted its stake in shares of Cavco Industries by 9,900.0% in the second quarter. Blue Trust Inc. now owns 100 shares of the construction company's stock valued at $35,000 after buying an additional 99 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock valued at $44,000 after purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC purchased a new position in shares of Cavco Industries during the 3rd quarter worth approximately $64,000. GAMMA Investing LLC lifted its stake in Cavco Industries by 30.2% in the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock valued at $118,000 after buying an additional 64 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Cavco Industries during the second quarter worth $138,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

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.

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