Cavco Industries, Inc. (NASDAQ:CVCO) Insider Jack S. Brandom Sells 1,000 Shares

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) insider Jack S. Brandom sold 1,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the sale, the insider now owns 1,176 shares of the company's stock, valued at approximately $632,688. The trade was a 45.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cavco Industries Price Performance

Shares of CVCO stock traded up $2.99 during mid-day trading on Friday, hitting $538.30. The stock had a trading volume of 32,712 shares, compared to its average volume of 63,811. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The firm has a market cap of $4.37 billion, a PE ratio of 26.49 and a beta of 1.35. The company's 50-day simple moving average is $476.82 and its 200-day simple moving average is $447.46.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating analysts' consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. On average, analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Hedge Funds Weigh In On Cavco Industries

A number of large investors have recently made changes to their positions in CVCO. 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 acquiring an additional 82 shares during the period. Avior Wealth Management LLC purchased a new stake in Cavco Industries during the third quarter worth $64,000. Harvest Fund Management Co. Ltd purchased a new stake in Cavco Industries during the fourth quarter worth $67,000. Smartleaf Asset Management LLC boosted its position in Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after purchasing an additional 128 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Cavco Industries by 90.0% during the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company's stock worth $81,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on CVCO. StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Wedbush restated a "neutral" rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. Finally, Craig Hallum boosted their price target on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a research report on Monday, November 4th.

Cavco Industries Company Profile

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.