Julia Sze Sells 125 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares in the company, valued at $1,312,283.48. This represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cavco Industries Stock Down 0.3 %

NASDAQ CVCO opened at $464.95 on Friday. The business has a 50-day moving average price of $430.71 and a 200-day moving average price of $392.72. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 26.28 and a beta of 1.24. Cavco Industries, Inc. has a twelve month low of $271.48 and a twelve month high of $484.80.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same period in the prior year, the company posted $4.76 EPS. Research analysts expect that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Institutional Trading of Cavco Industries

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after buying an additional 99 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 purchasing an additional 82 shares in the last quarter. Avior Wealth Management LLC bought a new stake in shares of Cavco Industries in the 3rd quarter worth about $64,000. GAMMA Investing LLC increased its holdings in shares of Cavco Industries by 30.2% in the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after buying an additional 64 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Cavco Industries during the 2nd quarter valued at about $138,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CVCO shares. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Wedbush lifted their price target on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Finally, Craig Hallum increased their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note 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.