Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount Sells 750 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 750 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of the transaction, the director now owns 2,836 shares in the company, valued at $1,337,741.20. The trade was a 20.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cavco Industries Trading Up 1.1 %

CVCO opened at $476.84 on Friday. The company has a market cap of $3.87 billion, a P/E ratio of 26.96 and a beta of 1.33. The company’s 50 day moving average is $473.45 and its 200-day moving average is $429.72. Cavco Industries, Inc. has a 1-year low of $310.46 and a 1-year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results 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 firm had revenue of $507.46 million for the quarter, compared to analysts’ expectations 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 forecast that Cavco Industries, Inc. will post 18 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CVCO shares. Craig Hallum boosted their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th. StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Wedbush downgraded Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a report on Tuesday, December 3rd.

Hedge Funds Weigh In On Cavco Industries

A number of institutional investors and hedge funds have recently bought and sold shares of CVCO. Farther Finance Advisors LLC grew its holdings in shares of 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 purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in Cavco Industries during the 3rd quarter worth approximately $64,000. Blue Trust Inc. grew its holdings in Cavco Industries by 90.0% during the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after acquiring an additional 90 shares during the last quarter. GAMMA Investing LLC increased its position in Cavco Industries by 30.2% in the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after acquiring an additional 64 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Cavco Industries during the third quarter valued at $208,000. Institutional investors and hedge funds 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.