Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $409.80, but opened at $442.25. Cavco Industries shares last traded at $441.51, with a volume of 5,320 shares traded.
Analyst Ratings Changes
Several analysts have weighed in on the company. Wedbush raised 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. Craig Hallum lifted their price objective on shares of Cavco Industries from $382.00 to $422.00 and gave the stock a "buy" rating in a report on Monday, August 5th.
Get Our Latest Analysis on CVCO
Cavco Industries Price Performance
The stock has a market capitalization of $3.69 billion, a PE ratio of 25.66 and a beta of 1.24. The firm's 50 day simple moving average is $420.40 and its 200 day simple moving average is $386.27.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing the consensus estimate of $4.97 by ($0.86). The business had revenue of $477.60 million during the quarter, compared to the consensus estimate of $487.80 million. Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. During the same period in the prior year, the firm earned $5.29 earnings per share. Analysts expect that Cavco Industries, Inc. will post 17.35 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the business's stock in a transaction 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 transaction, the director now directly owns 6,547 shares of the company's stock, valued at approximately $2,679,032.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven K. Like sold 575 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $366.62, for a total value of $210,806.50. Following the completion of the transaction, the senior vice president now directly owns 1,255 shares of the company's stock, valued at $460,108.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,663 shares of company stock worth $1,882,930 in the last ninety days. 1.60% of the stock is owned by insiders.
Institutional Trading of Cavco Industries
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its position in Cavco Industries by 507.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company's stock valued at $3,139,000 after acquiring an additional 7,576 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Cavco Industries by 28.8% in the 1st quarter. First Eagle Investment Management LLC now owns 12,328 shares of the construction company's stock worth $4,920,000 after purchasing an additional 2,760 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Cavco Industries by 37.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 9,456 shares of the construction company's stock worth $3,274,000 after buying an additional 2,558 shares during the last quarter. Quest Partners LLC bought a new position in Cavco Industries during the 2nd quarter valued at approximately $931,000. Finally, Bessemer Group Inc. raised its stake in Cavco Industries by 7.1% during the first quarter. Bessemer Group Inc. now owns 34,252 shares of the construction company's stock valued at $13,668,000 after buying an additional 2,263 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.
Cavco Industries Company Profile
(
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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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