Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount Sells 750 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 750 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of the sale, the director now owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cavco Industries Stock Up 1.1 %

Shares of Cavco Industries stock opened at $476.84 on Monday. Cavco Industries, Inc. has a 52 week low of $310.46 and a 52 week high of $544.08. The company has a market capitalization of $3.87 billion, a PE ratio of 26.96 and a beta of 1.33. The stock’s fifty day moving average is $473.45 and its two-hundred day moving average is $430.99.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, topping the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The company had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. During the same period last year, the business posted $4.76 EPS. As a group, research analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Institutional Trading of Cavco Industries

Several hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Cavco Industries by 1,610.3% during the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock worth $26,052,000 after purchasing an additional 57,278 shares in the last quarter. Cerity Partners LLC increased its position in 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 buying an additional 22,451 shares in the last quarter. Atom Investors LP purchased a new stake in Cavco Industries in the third quarter valued at about $7,572,000. Harbor Capital Advisors Inc. boosted its holdings in Cavco Industries by 147.0% in the third quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company’s stock worth $9,592,000 after acquiring an additional 13,331 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Cavco Industries by 6.1% during the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after acquiring an additional 12,822 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wedbush downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a report on Tuesday, December 3rd. StockNews.com cut shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Craig Hallum lifted 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.