Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount Sells 2,000 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the transaction, the director now directly owns 2,836 shares of the company’s stock, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Cavco Industries Stock Down 0.6 %

CVCO traded down $3.11 during trading hours on Thursday, hitting $530.74. The stock had a trading volume of 19,801 shares, compared to its average volume of 60,441. The company’s fifty day simple moving average is $473.68 and its 200 day simple moving average is $441.41. The stock has a market cap of $4.30 billion, a PE ratio of 26.11 and a beta of 1.35. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.25%. As a group, equities analysts expect that Cavco Industries, Inc. will post 18 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in Cavco Industries by 8.5% in the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after buying an additional 5,620 shares during the last quarter. Blue Trust Inc. lifted its holdings 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. Cerity Partners LLC boosted its holdings in shares of Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock valued at $20,091,000 after purchasing an additional 22,451 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Cavco Industries by 390.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after acquiring an additional 82 shares during the last quarter. Finally, Barclays PLC lifted its position in Cavco Industries by 162.0% during the third quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock valued at $7,381,000 after purchasing an additional 10,656 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analyst Ratings Changes

CVCO has been the topic of several research reports. Craig Hallum boosted their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Wedbush reaffirmed a “neutral” rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research report on Monday.

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.