Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) shares traded down 0.3% during trading on Friday . The stock traded as low as $514.55 and last traded at $514.55. 5,055 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 64,373 shares. The stock had previously closed at $515.86.
Analyst Upgrades and Downgrades
CVCO has been the subject of a number of recent analyst reports. Craig Hallum raised their price target on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a report on Monday, November 4th. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Finally, Wedbush lifted their price target on Cavco Industries from $425.00 to $455.00 and gave the company an "outperform" rating in a report on Friday, October 11th.
Read Our Latest Research Report on CVCO
Cavco Industries Stock Down 0.3 %
The business's fifty day moving average is $449.40 and its two-hundred day moving average is $402.77. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 29.08 and a beta of 1.24.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.70 by $0.58. The company had revenue of $507.46 million during 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. Research analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current year.
Insider Buying and Selling at Cavco Industries
In related news, Director Julia Sze sold 125 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the sale, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Paul Bigbee sold 100 shares of the firm's 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 transaction, the chief accounting officer now owns 981 shares in the company, valued at approximately $502,497.63. This trade represents a 9.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,313 shares of company stock worth $1,780,681. Company insiders own 1.60% of the company's stock.
Institutional Trading of Cavco Industries
Hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Cavco Industries in the 1st quarter valued at $209,000. Janus Henderson Group PLC boosted its position in Cavco Industries by 3.1% during the first quarter. Janus Henderson Group PLC now owns 6,302 shares of the construction company's stock valued at $2,514,000 after purchasing an additional 190 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Cavco Industries by 507.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company's stock valued at $3,139,000 after buying an additional 7,576 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Cavco Industries in the 2nd quarter valued at about $208,000. Finally, Hunter Perkins Capital Management LLC grew its holdings in Cavco Industries by 28.4% during the second quarter. Hunter Perkins Capital Management LLC now owns 2,535 shares of the construction company's stock worth $878,000 after purchasing an additional 560 shares during the period. 95.56% of the stock is currently 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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