Cavco Industries, Inc. (NASDAQ:CVCO) Director Sells $62,913.75 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $503.31, for a total value of $62,913.75. Following the completion of the sale, the director now directly owns 2,736 shares in the company, valued at $1,377,056.16. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $458.68, for a total value of $57,335.00.

Cavco Industries Stock Performance

NASDAQ CVCO opened at $498.78 on Friday. The stock’s fifty day moving average is $462.71 and its two-hundred day moving average is $411.32. The firm has a market capitalization of $4.04 billion, a P/E ratio of 28.20 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 quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.58. The company had revenue of $507.46 million for 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 in the previous year, the company posted $4.76 earnings per share. As a group, sell-side analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current year.

Hedge Funds Weigh In On Cavco Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Cavco Industries by 6.1% during the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after buying an additional 12,822 shares during the last quarter. Boston Trust Walden Corp lifted its stake 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 valued at $67,865,000 after purchasing an additional 1,541 shares during the last quarter. FMR LLC lifted its stake in shares of Cavco Industries by 7.0% in the 3rd quarter. FMR LLC now owns 135,444 shares of the construction company’s stock valued at $58,002,000 after purchasing an additional 8,829 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Cavco Industries by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company’s stock valued at $46,872,000 after purchasing an additional 5,935 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Cavco Industries by 8.5% in the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after purchasing an additional 5,620 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVCO. StockNews.com lowered Cavco Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush lowered Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price target on the stock. in a research note on Tuesday, December 3rd. Finally, Craig Hallum lifted their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

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.