Matthew A. Nino Sells 894 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) insider Matthew A. Nino sold 894 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total transaction of $472,952.82. Following the completion of the sale, the insider now owns 771 shares in the company, valued at approximately $407,882.13. This trade represents a 53.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cavco Industries Price Performance

Shares of NASDAQ:CVCO opened at $537.22 on Friday. The firm’s 50-day moving average is $473.68 and its two-hundred day moving average is $441.41. The firm has a market capitalization of $4.36 billion, a PE ratio of 26.44 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 issued its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.25%. Analysts expect that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Cavco Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position 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 acquiring an additional 82 shares during the last quarter. Avior Wealth Management LLC purchased a new position in shares of Cavco Industries during the third quarter worth approximately $64,000. Smartleaf Asset Management LLC grew its position in shares of Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after acquiring an additional 128 shares during the last quarter. Blue Trust Inc. grew its position in shares of Cavco Industries by 90.0% during the third 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. Finally, GAMMA Investing LLC grew its position in shares of Cavco Industries by 30.2% during the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds 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.