Cavco Industries, Inc. (NASDAQ:CVCO) CAO Sells $35,323.20 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at $433,913.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cavco Industries Stock Performance

Shares of CVCO opened at $427.53 on Monday. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 23.30 and a beta of 1.24. Cavco Industries, Inc. has a 52 week low of $233.84 and a 52 week high of $435.56. The stock has a fifty day moving average of $391.73 and a 200-day moving average of $374.99.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, August 1st. The construction company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.97 by ($0.86). The firm had revenue of $477.60 million during the quarter, compared to the consensus estimate of $487.80 million. Cavco Industries had a net margin of 8.12% and a return on equity of 14.23%. During the same quarter in the prior year, the business posted $5.29 earnings per share. As a group, equities analysts forecast that Cavco Industries, Inc. will post 17.35 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CVCO. Wedbush reiterated an “outperform” rating and issued a $425.00 target price on shares of Cavco Industries in a research report on Friday, August 2nd. Craig Hallum lifted their price target on shares of Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a report on Monday, August 5th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Verus Capital Partners LLC grew its holdings in Cavco Industries by 4.5% during the 2nd quarter. Verus Capital Partners LLC now owns 653 shares of the construction company’s stock worth $226,000 after acquiring an additional 28 shares during the last quarter. Anchor Capital Advisors LLC lifted its holdings in shares of Cavco Industries by 0.7% during the first quarter. Anchor Capital Advisors LLC now owns 4,951 shares of the construction company’s stock worth $1,976,000 after purchasing an additional 32 shares during the period. Arizona State Retirement System lifted its holdings in shares of Cavco Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 2,103 shares of the construction company’s stock worth $728,000 after purchasing an additional 39 shares during the period. Moran Wealth Management LLC grew its stake in shares of Cavco Industries by 5.4% in the fourth quarter. Moran Wealth Management LLC now owns 893 shares of the construction company’s stock worth $310,000 after purchasing an additional 46 shares during the last quarter. Finally, Seven Eight Capital LP increased its holdings in Cavco Industries by 3.8% in the fourth quarter. Seven Eight Capital LP now owns 1,399 shares of the construction company’s stock valued at $485,000 after purchasing an additional 51 shares during the period. Institutional investors own 95.56% of the company’s stock.

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.