Cavco Industries, Inc. (NASDAQ:CVCO) Director Sells $1,014,360.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the completion of the sale, the director now owns 2,836 shares in the company, valued at $1,438,362.48. This represents a 41.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cavco Industries Price Performance

Shares of NASDAQ CVCO opened at $537.22 on Friday. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08. The stock has a market capitalization of $4.36 billion, a P/E ratio of 26.44 and a beta of 1.35. The company’s 50-day moving average is $473.68 and its 200 day moving average is $441.41.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.25% and a net margin of 8.75%. Research analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CVCO. Wedbush reissued a “neutral” rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research note on Monday. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Craig Hallum raised their price objective on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Institutional Investors Weigh In On Cavco Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of CVCO. Farther Finance Advisors LLC lifted its stake in shares of Cavco Industries by 390.5% in 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 in the last quarter. Avior Wealth Management LLC bought a new position in shares of Cavco Industries in the third quarter worth approximately $64,000. Smartleaf Asset Management LLC lifted its stake in shares of Cavco Industries by 387.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after buying an additional 128 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Cavco Industries by 90.0% in the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after buying an additional 90 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Cavco Industries by 30.2% during the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cavco Industries

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.