Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount Sells 2,000 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the transaction, the director now directly owns 2,836 shares of the company’s stock, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Cavco Industries Stock Up 0.6 %

CVCO stock opened at $537.22 on Friday. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The stock’s 50 day moving average is $473.68 and its 200-day moving average is $441.41. The firm has a market capitalization of $4.36 billion, a PE ratio of 26.44 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.25%. On average, equities research analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday. Craig Hallum increased their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Wedbush reissued a “neutral” rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research note on Monday.

Institutional Investors Weigh In On Cavco Industries

Several large investors have recently modified their holdings of CVCO. Amalgamated Bank grew its stake in shares of Cavco Industries by 1.2% during the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock worth $1,040,000 after acquiring an additional 29 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after purchasing an additional 31 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Cavco Industries by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock valued at $4,066,000 after buying an additional 37 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after buying an additional 42 shares during the period. Finally, Blue Trust Inc. raised its holdings in Cavco Industries by 28.9% during the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cavco Industries

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.