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

Cavco Industries, Inc. (NASDAQ:CVCO) Director Julia Sze sold 125 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $503.31, for a total transaction of $62,913.75. Following the completion of the sale, the director now owns 2,736 shares of the company’s stock, valued at approximately $1,377,056.16. This represents a 4.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Julia Sze also recently made the following trade(s):

• On Friday, November 8th, Julia Sze sold 125 shares of Cavco Industries stock. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00.

Cavco Industries Trading Down 0.6 %

Shares of CVCO opened at $497.01 on Thursday. The firm has a market cap of $4.03 billion, a PE ratio of 28.10 and a beta of 1.29. Cavco Industries, Inc. has a 12 month low of $301.56 and a 12 month high of $544.08. The stock has a fifty day moving average price of $461.32 and a 200-day moving average price of $410.70.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Cavco Industries by 9,900.0% during the second quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after buying an additional 99 shares during the period. Farther Finance Advisors LLC grew its stake in Cavco Industries by 390.5% during the 3rd 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 during the last quarter. Avior Wealth Management LLC acquired a new position in shares of Cavco Industries in the third quarter valued at about $64,000. GAMMA Investing LLC raised its stake in shares of Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after purchasing an additional 64 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Cavco Industries during the second quarter worth about $138,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CVCO has been the topic of a number of analyst reports. StockNews.com downgraded Cavco Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Wedbush lowered Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a research note on Tuesday, December 3rd. Finally, Craig Hallum increased their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

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.