Cavco Industries (NASDAQ:CVCO) Stock Price Up 0.8% - Still a Buy?

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) shares rose 0.8% during trading on Monday . The company traded as high as $488.36 and last traded at $488.36. Approximately 6,579 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 63,836 shares. The stock had previously closed at $484.66.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CVCO shares. Craig Hallum raised their price objective on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Wedbush downgraded shares of Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 price target for the company. in a research report on Tuesday, December 3rd. Finally, StockNews.com cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th.

Cavco Industries Price Performance

The company has a fifty day moving average of $463.95 and a two-hundred day moving average of $413.21. The stock has a market capitalization of $3.89 billion, a P/E ratio of 27.61 and a beta of 1.29.

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 for the quarter, beating analysts' consensus estimates of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $4.76 EPS. As a group, equities research analysts predict that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Insider Transactions at Cavco Industries

In related news, Director Julia Sze sold 125 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $503.31, for a total transaction of $62,913.75. Following the completion of the transaction, the director now owns 2,736 shares in the company, valued at $1,377,056.16. The trade was a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $51,223.00. Following the transaction, the chief accounting officer now owns 981 shares of the company's stock, valued at approximately $502,497.63. The trade was a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 350 shares of company stock worth $171,472. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Cavco Industries

A number of large investors have recently modified their holdings of CVCO. Blue Trust Inc. grew 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 worth $35,000 after purchasing an additional 99 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Cavco Industries by 390.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock worth $44,000 after buying an additional 82 shares in the last quarter. Avior Wealth Management LLC bought a new position in Cavco Industries in the 3rd quarter worth approximately $64,000. GAMMA Investing LLC increased its position 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 acquiring an additional 64 shares during the period. Finally, nVerses Capital LLC bought a new stake in Cavco Industries during the 2nd 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.