Cavco Industries, Inc. (NASDAQ:CVCO) Insider Jack S. Brandom Sells 1,000 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) insider Jack S. Brandom sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the completion of the sale, the insider now directly owns 1,176 shares in the company, valued at approximately $632,688. The trade was a 45.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cavco Industries Stock Up 0.5 %

Shares of NASDAQ CVCO traded up $2.46 during midday trading on Tuesday, hitting $530.79. The stock had a trading volume of 46,471 shares, compared to its average volume of 61,066. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 26.12 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. The company has a fifty day moving average price of $474.56 and a 200 day moving average price of $444.46.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data 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 return on equity of 16.17% and a net margin of 8.75%. On average, research analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wedbush reissued a “neutral” rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Craig Hallum raised their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

Hedge Funds Weigh In On Cavco Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Cavco Industries by 1,610.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock valued at $26,052,000 after buying an additional 57,278 shares during the period. Cerity Partners LLC raised 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 buying an additional 22,451 shares during the period. Atom Investors LP purchased a new stake in shares of Cavco Industries during the 3rd quarter valued at about $7,572,000. Raymond James Financial Inc. purchased a new stake in shares of Cavco Industries during the 4th quarter valued at about $5,967,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Cavco Industries by 147.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company’s stock valued at $9,592,000 after buying an additional 13,331 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

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.