Cavco Industries (NASDAQ:CVCO) Stock Price Down 0.3% – Time to Sell?

Cavco Industries, Inc. (NASDAQ:CVCO)’s share price traded down 0.3% on Friday . The company traded as low as $514.55 and last traded at $514.55. 5,055 shares changed hands during trading, a decline of 92% from the average session volume of 64,373 shares. The stock had previously closed at $515.86.

Wall Street Analysts Forecast Growth

CVCO has been the topic of a number of analyst reports. Craig Hallum lifted their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Wedbush increased their price target on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research report on Friday, October 11th.

Cavco Industries Stock Down 0.3 %

The business has a 50-day moving average price of $447.82 and a 200-day moving average price of $401.78. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 29.09 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. During the same period in the prior year, the company posted $4.76 EPS. On average, equities research analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Julia Sze sold 125 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now directly owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Paul Bigbee sold 88 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the sale, the chief accounting officer now directly owns 1,081 shares in the company, valued at $433,913.40. This represents a 7.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,313 shares of company stock worth $1,780,681. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Cavco Industries

Several hedge funds and other institutional investors have recently bought and sold shares of CVCO. O Shaughnessy Asset Management LLC purchased a new position in shares of Cavco Industries during the 1st quarter valued at approximately $209,000. Janus Henderson Group PLC raised its position in shares of Cavco Industries by 3.1% in the first quarter. Janus Henderson Group PLC now owns 6,302 shares of the construction company’s stock worth $2,514,000 after acquiring an additional 190 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Cavco Industries by 507.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company’s stock worth $3,139,000 after acquiring an additional 7,576 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Cavco Industries during the 2nd quarter valued at about $208,000. Finally, Hunter Perkins Capital Management LLC increased its stake in shares of Cavco Industries by 28.4% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 2,535 shares of the construction company’s stock valued at $878,000 after purchasing an additional 560 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

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.