Cavco Industries, Inc. (NASDAQ:CVCO) CAO Sells $51,223.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee sold 100 shares of Cavco Industries stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $512.23, for a total transaction of $51,223.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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

Cavco Industries Stock Down 1.0 %

Shares of CVCO stock opened at $515.86 on Thursday. The company’s fifty day simple moving average is $446.39 and its 200-day simple moving average is $400.98. The firm has a market cap of $4.18 billion, a PE ratio of 29.16 and a beta of 1.24. Cavco Industries, Inc. has a 12 month low of $271.48 and a 12 month high of $544.08.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same quarter in the previous year, the firm posted $4.76 earnings per share. On average, equities analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wedbush boosted their price objective on shares of Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Craig Hallum boosted their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

Hedge Funds Weigh In On Cavco Industries

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Cavco Industries by 9,900.0% during the second quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after buying an additional 99 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC acquired a new position in Cavco Industries during the third quarter worth $64,000. GAMMA Investing LLC increased its holdings in 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 buying an additional 64 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Cavco Industries during the second quarter worth $138,000. 95.56% of the stock is currently 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.