Cavco Industries, Inc. (NASDAQ:CVCO) Insider Jack S. Brandom Sells 1,000 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) insider Jack S. Brandom sold 1,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the completion of the transaction, the insider now directly owns 1,176 shares of the company’s stock, valued at approximately $632,688. The trade was a 45.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Cavco Industries Price Performance

NASDAQ CVCO opened at $530.79 on Wednesday. The firm has a market cap of $4.30 billion, a PE ratio of 26.12 and a beta of 1.35. The stock’s 50 day simple moving average is $474.56 and its 200 day simple moving average is $444.46. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, equities analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Cavco Industries by 390.5% in 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 last quarter. Avior Wealth Management LLC bought a new position in shares of Cavco Industries in the 3rd quarter worth $64,000. Harvest Fund Management Co. Ltd bought a new position in shares of Cavco Industries in the 4th quarter worth $67,000. Smartleaf Asset Management LLC boosted its position in shares of Cavco Industries by 387.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after purchasing an additional 128 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Cavco Industries by 90.0% in the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after purchasing an additional 90 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CVCO has been the subject of a number of recent research reports. Wedbush reissued a “neutral” rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Finally, Craig Hallum increased their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report 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.