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

Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $503.31, for a total transaction of $62,913.75. Following the sale, the director now owns 2,736 shares in the company, valued at approximately $1,377,056.16. This trade represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Julia Sze also recently made the following trade(s):

• On Friday, November 8th, Julia Sze sold 125 shares of Cavco Industries stock. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00.

Cavco Industries Price Performance

Shares of NASDAQ CVCO traded down $2.80 during midday trading on Tuesday, hitting $500.89. The stock had a trading volume of 11,650 shares, compared to its average volume of 63,923. The company’s 50-day simple moving average is $458.84 and its 200 day simple moving average is $409.02. The firm has a market cap of $4.06 billion, a P/E ratio of 27.87 and a beta of 1.29. Cavco Industries, Inc. has a fifty-two week low of $301.56 and a fifty-two week high of $544.08.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.70 by $0.58. The company had revenue of $507.46 million during the quarter, compared to analysts’ expectations of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same period last year, the firm earned $4.76 EPS. Equities analysts expect that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Institutional Investors Weigh In On Cavco Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased 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 valued at $3,274,000 after buying an additional 2,558 shares during the period. Quest Partners LLC acquired a new stake in shares of Cavco Industries during the second quarter worth $931,000. Blue Trust Inc. grew its stake in shares of Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after purchasing an additional 90 shares during the period. Fisher Asset Management LLC grew its stake in shares of Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after purchasing an additional 5,620 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Cavco Industries by 91.8% during the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after purchasing an additional 22,451 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush lowered shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a research report on Tuesday, December 3rd. Craig Hallum boosted their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of 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.