Cavco Industries, Inc. (NASDAQ:CVCO) Director Sells $364,170.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) Director Susan L. Blount sold 750 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $485.56, for a total value of $364,170.00. Following the sale, the director now directly owns 2,086 shares of the company's stock, valued at $1,012,878.16. The trade was a 26.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cavco Industries Price Performance

Shares of NASDAQ CVCO traded down $6.47 during trading hours on Tuesday, reaching $473.29. The stock had a trading volume of 61,619 shares, compared to its average volume of 63,995. The business's fifty day moving average is $465.09 and its two-hundred day moving average is $414.09. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 26.90 and a beta of 1.29. Cavco Industries, Inc. has a twelve month low of $304.10 and a twelve month high of $544.08.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced 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. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The firm had revenue of $507.46 million for the quarter, compared to analysts' expectations of $480.10 million. During the same period in the prior year, the business posted $4.76 earnings per share. Sell-side analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Craig Hallum upped 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. StockNews.com lowered Cavco Industries from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. Finally, Wedbush lowered Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 target price for the company. in a research note on Tuesday, December 3rd.

Institutional Trading of Cavco Industries

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of Cavco Industries by 9,900.0% during the second 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 boosted its holdings in Cavco Industries by 390.5% in the third 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 last quarter. Avior Wealth Management LLC bought a new position in Cavco Industries in the third quarter valued at about $64,000. GAMMA Investing LLC boosted its holdings in Cavco Industries by 30.2% in the third 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 last quarter. Finally, nVerses Capital LLC bought a new position in Cavco Industries in the second quarter valued at about $138,000. 95.56% of the stock is currently owned by institutional investors.

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.