Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $453.10 and last traded at $453.10, with a volume of 1075 shares trading hands. The stock had previously closed at $446.72.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on CVCO shares. Craig Hallum boosted their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research note on Monday. Wedbush lifted their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th.
Get Our Latest Report on CVCO
Cavco Industries Trading Down 0.6 %
The stock's 50-day moving average price is $421.15 and its two-hundred day moving average price is $387.26. The stock has a market capitalization of $3.66 billion, a P/E ratio of 25.11 and a beta of 1.24.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a return on equity of 14.43% and a net margin of 8.00%. During the same period in the prior year, the company earned $4.76 earnings per share. On average, equities research analysts predict that Cavco Industries, Inc. will post 17.35 earnings per share for the current year.
Insider Transactions at Cavco Industries
In related news, Director Steven G. Bunger sold 4,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the sale, the director now directly owns 6,547 shares in the company, valued at approximately $2,679,032.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 value of $1,636,800.00. Following the completion of the transaction, the director now directly owns 6,547 shares in the company, valued at approximately $2,679,032.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Paul Bigbee sold 88 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares in the company, valued at approximately $433,913.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,663 shares of company stock worth $1,882,930. 1.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Capital World Investors boosted its holdings in Cavco Industries by 2.9% in the 1st quarter. Capital World Investors now owns 605,925 shares of the construction company's stock valued at $241,800,000 after purchasing an additional 17,125 shares during the period. Boston Trust Walden Corp raised its position in shares of Cavco Industries by 0.8% in the second quarter. Boston Trust Walden Corp now owns 196,046 shares of the construction company's stock worth $67,865,000 after buying an additional 1,541 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Cavco Industries by 1,610.3% during the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company's stock valued at $26,052,000 after buying an additional 57,278 shares during the period. Ashford Capital Management Inc. grew its position in Cavco Industries by 0.5% during the first quarter. Ashford Capital Management Inc. now owns 58,180 shares of the construction company's stock worth $23,217,000 after buying an additional 310 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Cavco Industries by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 57,986 shares of the construction company's stock worth $24,832,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 95.56% of the company's stock.
About Cavco Industries
(
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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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