Cavco Industries, Inc. (NASDAQ:CVCO) Director David A. Greenblatt Sells 4,000 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the sale, the director now owns 15,286 shares in the company, valued at approximately $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cavco Industries Trading Down 1.7 %

Shares of Cavco Industries stock opened at $520.32 on Friday. The company’s 50-day moving average price is $494.56 and its two-hundred day moving average price is $462.44. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The stock has a market cap of $4.22 billion, a PE ratio of 25.61 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, equities analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CVCO shares. Wedbush restated a “neutral” rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Hedge Funds Weigh In On Cavco Industries

A number of institutional investors have recently bought and sold shares of CVCO. FMR LLC increased its stake in Cavco Industries by 118.8% in the 4th quarter. FMR LLC now owns 296,343 shares of the construction company’s stock worth $132,237,000 after purchasing an additional 160,899 shares in the last quarter. Janus Henderson Group PLC increased its stake in Cavco Industries by 1,030.9% in the 4th quarter. Janus Henderson Group PLC now owns 72,534 shares of the construction company’s stock worth $32,371,000 after purchasing an additional 66,120 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Cavco Industries in the 4th quarter worth about $20,382,000. Norges Bank purchased a new position in Cavco Industries in the 4th quarter worth about $17,730,000. Finally, Invesco Ltd. increased its stake in Cavco Industries by 18.7% in the 4th quarter. Invesco Ltd. now owns 182,457 shares of the construction company’s stock worth $81,418,000 after purchasing an additional 28,730 shares in the last quarter. Hedge funds and other 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.