Allison Aden Sells 129 Shares of Cavco Industries (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) EVP Allison Aden sold 129 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $455.76, for a total transaction of $58,793.04. Following the sale, the executive vice president owned 8,806 shares in the company, valued at approximately $4,013,422.56. This trade represents a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cavco Industries Price Performance

Shares of Cavco Industries stock opened at $495.11 on Thursday. Cavco Industries, Inc. has a 1 year low of $393.53 and a 1 year high of $713.01. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 21.51 and a beta of 1.31. The company has a 50-day moving average of $495.78 and a 200 day moving average of $556.51.

Analysts Set New Price Targets

A number of analysts have recently commented on CVCO shares. Zelman & Associates raised Cavco Industries to an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings lowered Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Finally, Zacks Research raised Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $550.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Cavco Industries during the fourth quarter valued at approximately $46,000. Kemnay Advisory Services Inc. bought a new position in Cavco Industries in the 4th quarter valued at approximately $50,000. Los Angeles Capital Management LLC purchased a new stake in Cavco Industries during the 4th quarter valued at $54,000. Osaic Holdings Inc. boosted its stake in Cavco Industries by 118.2% during the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock valued at $57,000 after purchasing an additional 65 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of Cavco Industries in the 3rd quarter worth $58,000. Institutional investors own 95.56% of the company’s stock.

About Cavco Industries

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.