Cavco Industries, Inc. (NASDAQ:CVCO) Insider Sells $538,000.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the sale, the insider now directly owns 1,176 shares of the company’s stock, valued at $632,688. The trade was a 45.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cavco Industries Stock Down 1.1 %

NASDAQ CVCO opened at $524.85 on Thursday. The firm has a 50-day moving average price of $474.94 and a two-hundred day moving average price of $445.25. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The company has a market capitalization of $4.26 billion, a P/E ratio of 25.83 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. Equities analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Institutional Trading of Cavco Industries

Several large investors have recently modified their holdings of CVCO. Fisher Asset Management LLC increased its holdings in Cavco Industries by 8.5% in the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after buying an additional 5,620 shares during the period. Blue Trust Inc. boosted its position in shares of Cavco Industries by 90.0% during the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after acquiring an additional 90 shares in the last quarter. Cerity Partners LLC boosted its position 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 worth $20,091,000 after acquiring an additional 22,451 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after acquiring an additional 82 shares during the last quarter. Finally, Barclays PLC raised its position in Cavco Industries by 162.0% during the third quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock valued at $7,381,000 after purchasing an additional 10,656 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wedbush restated a “neutral” rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Craig Hallum increased their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research 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.