Cavco Industries, Inc. (NASDAQ:CVCO) SVP Sells $210,806.50 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) SVP Steven K. Like sold 575 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total value of $210,806.50. Following the transaction, the senior vice president now directly owns 1,255 shares in the company, valued at approximately $460,108.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cavco Industries Stock Performance

Cavco Industries stock traded up $7.39 during trading hours on Wednesday, hitting $371.20. The company had a trading volume of 51,824 shares, compared to its average volume of 65,187. The firm has a market cap of $3.07 billion, a P/E ratio of 19.83 and a beta of 1.23. The company has a 50-day moving average price of $366.27 and a two-hundred day moving average price of $366.55. Cavco Industries, Inc. has a 1 year low of $233.84 and a 1 year high of $426.41.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.86). The firm had revenue of $477.60 million during the quarter, compared to analysts’ expectations of $487.80 million. Cavco Industries had a net margin of 8.12% and a return on equity of 14.30%. During the same quarter in the previous year, the firm posted $5.29 EPS. As a group, equities research analysts anticipate that Cavco Industries, Inc. will post 19.77 EPS for the current year.

Analyst Ratings Changes

CVCO has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $425.00 target price on shares of Cavco Industries in a research note on Friday, August 2nd. Craig Hallum upped their price objective on Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a research report on Monday.

Hedge Funds Weigh In On Cavco Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in CVCO. Capital World Investors lifted its stake in Cavco Industries by 2.9% in the first quarter. Capital World Investors now owns 605,925 shares of the construction company’s stock worth $241,800,000 after acquiring an additional 17,125 shares during the period. Boston Trust Walden Corp lifted its position in shares of Cavco Industries by 0.8% in the 2nd quarter. Boston Trust Walden Corp now owns 196,046 shares of the construction company’s stock worth $67,865,000 after purchasing an additional 1,541 shares during the period. Norges Bank bought a new position in shares of Cavco Industries during the fourth quarter valued at approximately $21,059,000. Ashford Capital Management Inc. increased its holdings in Cavco Industries by 0.5% during the first quarter. Ashford Capital Management Inc. now owns 58,180 shares of the construction company’s stock valued at $23,217,000 after buying an additional 310 shares during the period. Finally, Kennedy Capital Management LLC raised its stake in Cavco Industries by 9.0% in the first quarter. Kennedy Capital Management LLC now owns 48,031 shares of the construction company’s stock worth $19,167,000 after buying an additional 3,975 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

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.