Shares of Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) were up 1% on Tuesday . The company traded as high as $523.37 and last traded at $519.43. Approximately 38,978 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 61,656 shares. The stock had previously closed at $514.50.
Analyst Ratings Changes
A number of research firms recently issued reports on CVCO. Craig Hallum upped their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Wedbush cut shares of Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 target price on the stock. in a research report on Tuesday. Finally, StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, November 4th.
Check Out Our Latest Stock Analysis on Cavco Industries
Cavco Industries Stock Performance
The firm has a market capitalization of $4.21 billion, a P/E ratio of 29.36 and a beta of 1.29. The stock's 50 day simple moving average is $451.18 and its 200 day simple moving average is $404.09.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 EPS 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 for the quarter, compared to the consensus estimate of $480.10 million. During the same period last year, the business posted $4.76 EPS. On average, analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.
Insider Buying and Selling at Cavco Industries
In other Cavco Industries news, CAO Paul Bigbee sold 100 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $512.23, for a total value of $51,223.00. Following the completion of the sale, the chief accounting officer now directly owns 981 shares in the company, valued at approximately $502,497.63. This trade represents a 9.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julia Sze sold 125 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,313 shares of company stock valued at $1,780,681. Company insiders own 1.60% of the company's stock.
Institutional Investors Weigh In On Cavco Industries
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in Cavco Industries by 9,900.0% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company's stock worth $35,000 after purchasing an additional 99 shares during the period. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 82 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in Cavco Industries in the 3rd quarter valued at $64,000. GAMMA Investing LLC increased its holdings in Cavco Industries by 30.2% in the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock worth $118,000 after acquiring an additional 64 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Cavco Industries during the second quarter valued at $138,000. 95.56% of the stock is owned by institutional investors and hedge funds.
Cavco Industries Company Profile
(
Get Free Report)
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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