Cavco Industries (NASDAQ:CVCO) Stock Price Down 1.1% - Should You Sell?

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) traded down 1.1% during mid-day trading on Thursday . The stock traded as low as $491.51 and last traded at $491.51. 4,041 shares changed hands during trading, a decline of 94% from the average session volume of 63,822 shares. The stock had previously closed at $497.01.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Craig Hallum raised their target price on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Wedbush lowered Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 price target on the stock. in a report on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of Cavco Industries from a "buy" rating to a "hold" rating in a report on Wednesday.

Cavco Industries Stock Up 0.4 %

The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 28.20 and a beta of 1.29. The stock's 50 day moving average is $462.71 and its 200 day moving average is $411.32.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.58. The company had revenue of $507.46 million for the quarter, compared to analysts' expectations of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same period last year, the firm earned $4.76 EPS. Analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Paul Bigbee sold 100 shares of the company's stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 981 shares of the company's stock, valued at $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Julia Sze sold 125 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the transaction, the director now owns 2,861 shares of the company's stock, valued at $1,312,283.48. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 350 shares of company stock worth $171,472. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Cavco Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Cavco Industries by 9,900.0% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company's stock valued at $35,000 after acquiring an additional 99 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Cavco Industries by 390.5% during the 3rd 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 period. Avior Wealth Management LLC purchased a new stake in shares of Cavco Industries in the third quarter valued at $64,000. GAMMA Investing LLC boosted its position in shares of Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock worth $118,000 after buying an additional 64 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Cavco Industries during the second quarter valued at $138,000. Institutional investors and hedge funds 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.