Insider Selling: Cavco Industries, Inc. (NASDAQ:CVCO) Director Sells $57,335.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Friday, November 8th. The shares were 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 of the company’s stock, valued at approximately $1,312,283.48. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cavco Industries Stock Down 0.3 %

NASDAQ:CVCO opened at $464.95 on Friday. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 26.28 and a beta of 1.24. The company’s 50 day moving average price is $430.71 and its 200-day moving average price is $392.72. Cavco Industries, Inc. has a 52 week low of $271.48 and a 52 week high of $484.80.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to analyst estimates 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 last year, the company earned $4.76 EPS. As a group, sell-side analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Cavco Industries

Several hedge funds and other institutional investors have recently bought and sold shares of CVCO. Blue Trust Inc. raised 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 valued at $35,000 after purchasing an additional 99 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after buying an additional 82 shares during the period. Avior Wealth Management LLC bought a new position in shares of Cavco Industries during the 3rd quarter valued at $64,000. GAMMA Investing LLC boosted its stake in shares of Cavco Industries by 30.2% in the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after buying an additional 64 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Cavco Industries in the second quarter worth $138,000. Institutional investors own 95.56% of the company’s stock.

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.