Allison Aden Sells 1,208 Shares of Cavco Industries (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) EVP Allison Aden sold 1,208 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $600.00, for a total transaction of $724,800.00. Following the completion of the sale, the executive vice president owned 10,647 shares of the company’s stock, valued at approximately $6,388,200. This trade represents a 10.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Allison Aden also recently made the following trade(s):

• On Friday, May 15th, Allison Aden sold 129 shares of Cavco Industries stock. The shares were sold at an average price of $455.76, for a total transaction of $58,793.04.

Cavco Industries Stock Performance

Shares of NASDAQ:CVCO opened at $604.47 on Wednesday. The company has a market cap of $4.64 billion, a PE ratio of 25.22 and a beta of 1.30. Cavco Industries, Inc. has a 52 week low of $393.85 and a 52 week high of $713.01. The firm has a 50 day simple moving average of $520.87 and a 200 day simple moving average of $555.31.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, May 21st. The construction company reported $5.42 EPS for the quarter, beating the consensus estimate of $5.30 by $0.12. The business had revenue of $550.13 million during the quarter, compared to the consensus estimate of $571.06 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. On average, equities analysts predict that Cavco Industries, Inc. will post 25 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group started coverage on shares of Cavco Industries in a research report on Friday, June 5th. They issued a “buy” rating and a $700.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cavco Industries in a research note on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cavco Industries currently has a consensus rating of “Moderate Buy” and an average price target of $625.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CVCO. Aster Capital Management DIFC Ltd acquired a new position in Cavco Industries in the 4th quarter valued at approximately $46,000. Kemnay Advisory Services Inc. acquired a new position in Cavco Industries in the 4th quarter valued at approximately $50,000. Los Angeles Capital Management LLC acquired a new position in Cavco Industries in the 4th quarter valued at approximately $54,000. Osaic Holdings Inc. increased its stake in Cavco Industries by 118.2% in the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock valued at $57,000 after buying an additional 65 shares during the period. Finally, Danske Bank A S acquired a new position in Cavco Industries in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds 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.