Cavco Industries, Inc. (NASDAQ:CVCO – Get Free Report) CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at $433,913.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Cavco Industries Price Performance
Shares of NASDAQ:CVCO opened at $427.53 on Friday. The firm’s 50 day simple moving average is $391.73 and its two-hundred day simple moving average is $374.88. The company has a market capitalization of $3.53 billion, a P/E ratio of 23.30 and a beta of 1.24. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $435.56.
Cavco Industries (NASDAQ:CVCO – Get Free Report) last released its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.97 by ($0.86). Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. The business had revenue of $477.60 million for the quarter, compared to analysts’ expectations of $487.80 million. During the same quarter in the prior year, the business posted $5.29 EPS. On average, sell-side analysts anticipate that Cavco Industries, Inc. will post 17.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cavco Industries
Analyst Ratings Changes
CVCO has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $425.00 price objective on shares of Cavco Industries in a report on Friday, August 2nd. Craig Hallum increased their price target on shares of Cavco Industries from $382.00 to $422.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.
Check Out Our Latest Analysis on Cavco Industries
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.
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