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

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. The trade was a 41.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cavco Industries Stock Down 0.6 %

Shares of NASDAQ:CVCO traded down $3.11 during trading on Thursday, reaching $530.74. The stock had a trading volume of 19,801 shares, compared to its average volume of 60,441. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The business has a fifty day moving average price of $473.68 and a 200-day moving average price of $441.41. The stock has a market cap of $4.30 billion, a P/E ratio of 26.11 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CVCO. Craig Hallum lifted their price target 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. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday. Finally, Wedbush restated a “neutral” rating and set a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a research report on Monday.

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.