Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee Sells 100 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee sold 100 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the sale, the chief accounting officer now directly owns 981 shares in the company, valued at approximately $502,497.63. The trade was a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paul Bigbee also recently made the following trade(s):

• On Wednesday, September 11th, Paul Bigbee sold 88 shares of Cavco Industries stock. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20.

Cavco Industries Price Performance

NASDAQ:CVCO opened at $515.86 on Friday. Cavco Industries, Inc. has a 12 month low of $271.48 and a 12 month high of $544.08. The firm has a market capitalization of $4.18 billion, a PE ratio of 29.16 and a beta of 1.24. The business’s fifty day moving average price is $447.82 and its 200 day moving average price is $401.78.

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

Institutional Trading of Cavco Industries

A number of hedge funds and other institutional investors 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% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after buying an additional 99 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 in the last quarter. Avior Wealth Management LLC purchased a new position in shares of Cavco Industries during the third quarter worth about $64,000. GAMMA Investing LLC increased its position in shares of Cavco Industries by 30.2% during the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after purchasing an additional 64 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Cavco Industries in the 2nd quarter valued at about $138,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CVCO shares. Craig Hallum increased 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 increased 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 Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

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.