Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze Sells 125 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00. Following the sale, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cavco Industries Stock Down 0.3 %

Shares of CVCO stock opened at $466.18 on Thursday. The stock has a 50-day simple moving average of $429.37 and a 200 day simple moving average of $392.20. The stock has a market capitalization of $3.78 billion, a P/E ratio of 26.35 and a beta of 1.24. Cavco Industries, Inc. has a fifty-two week low of $264.88 and a fifty-two week high of $484.80.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.58. The company had revenue of $507.46 million during the quarter, compared to analyst estimates 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 last year, the firm posted $4.76 EPS. On average, sell-side analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Institutional Trading of Cavco Industries

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Cavco Industries by 9,900.0% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after purchasing an additional 99 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 acquiring an additional 82 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Cavco Industries during the third quarter valued at approximately $64,000. GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. Finally, nVerses Capital LLC acquired a new position in Cavco Industries in the 2nd quarter worth approximately $138,000. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CVCO shares. Wedbush raised their target price on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Craig Hallum boosted their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

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.