Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee Sells 100 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee sold 100 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the transaction, the chief accounting officer now directly owns 981 shares in the company, valued at $502,497.63. The trade was a 9.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Paul Bigbee also recently made the following trade(s):

• On Wednesday, September 11th, Paul Bigbee sold 88 shares of Cavco Industries stock. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20.

Cavco Industries Trading Down 2.2 %

NASDAQ CVCO opened at $521.23 on Wednesday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 29.46 and a beta of 1.24. The company has a 50 day moving average of $444.55 and a 200-day moving average of $400.17. Cavco Industries, Inc. has a 1-year low of $271.48 and a 1-year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same quarter last year, the business posted $4.76 earnings per share. On average, analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Institutional Trading of Cavco Industries

A number of hedge funds and other institutional investors have recently modified their holdings of CVCO. O Shaughnessy Asset Management LLC acquired a new stake in shares of Cavco Industries in the first quarter valued at approximately $209,000. CANADA LIFE ASSURANCE Co boosted its stake in Cavco Industries by 6.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 6,775 shares of the construction company’s stock valued at $2,697,000 after acquiring an additional 437 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Cavco Industries by 3.1% in the first quarter. Janus Henderson Group PLC now owns 6,302 shares of the construction company’s stock valued at $2,514,000 after acquiring an additional 190 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Cavco Industries by 507.8% in the second quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company’s stock valued at $3,139,000 after acquiring an additional 7,576 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Cavco Industries in the second quarter valued at approximately $208,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.