Julia Sze Sells 125 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze sold 125 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now directly owns 2,861 shares in the company, valued at $1,312,283.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Cavco Industries Stock Down 0.3 %

CVCO opened at $466.18 on Thursday. The company’s 50-day moving average price is $429.37 and its 200 day moving average price is $392.20. Cavco Industries, Inc. has a fifty-two week low of $264.88 and a fifty-two week high of $484.80. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 26.35 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The business had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. During the same quarter last year, the business posted $4.76 EPS. Research analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Analyst Ratings Changes

CVCO has been the topic of several research reports. Craig Hallum upped 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 upped their price target on Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

Institutional Investors Weigh In On Cavco Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position 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 acquiring an additional 99 shares during the last quarter. Farther Finance Advisors LLC grew its position 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 purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new position in Cavco Industries in the 3rd quarter worth about $64,000. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 64 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Cavco Industries during the second quarter valued at approximately $138,000. 95.56% of the stock is currently owned by institutional investors.

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.