Cavco Industries (NASDAQ:CVCO) Trading 1.9% Higher - Should You Buy?

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) traded up 1.9% on Thursday . The company traded as high as $486.73 and last traded at $484.42. 15,310 shares were traded during mid-day trading, a decline of 76% from the average session volume of 64,050 shares. The stock had previously closed at $475.41.

Analyst Upgrades and Downgrades

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

Cavco Industries Trading Up 3.8 %

The company has a market cap of $4.00 billion, a price-to-earnings ratio of 27.38 and a beta of 1.24. The stock's fifty day simple moving average is $437.37 and its 200 day simple moving average is $396.14.

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, beating analysts' consensus estimates of $4.70 by $0.58. The company had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same quarter in the prior year, the firm earned $4.76 EPS. On average, analysts predict that Cavco Industries, Inc. will post 18 EPS for the current year.

Insider Transactions at Cavco Industries

In related news, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders sold 4,213 shares of company stock worth $1,729,458 in the last 90 days. Insiders own 1.60% of the company's stock.

Institutional Trading of Cavco Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in 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 buying 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 worth $44,000 after purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in Cavco Industries during the 3rd quarter worth $64,000. GAMMA Investing LLC raised its stake in Cavco Industries by 30.2% during 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 acquired a new stake in Cavco Industries during the 2nd quarter worth $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.

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