Shares of Cavco Industries, Inc. (NASDAQ:CVCO) reached a new 52-week high on Friday . The company traded as high as $171.40 and last traded at $165.75, with a volume of 57400 shares traded. The stock had previously closed at $165.75.
Separately, BidaskClub raised Cavco Industries from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd.
The company has a quick ratio of 1.86, a current ratio of 2.57 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1,497.83, a PE ratio of 31.89 and a beta of 1.55.
Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $2.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $1.09. Cavco Industries had a return on equity of 10.84% and a net margin of 6.08%. The company had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $213.87 million. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year.
In other Cavco Industries news, Director Jack Hanna sold 2,464 shares of Cavco Industries stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $147.96, for a total transaction of $364,573.44. Following the completion of the sale, the director now owns 2,281 shares of the company’s stock, valued at approximately $337,496.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Boor sold 3,000 shares of Cavco Industries stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $143.62, for a total value of $430,860.00. Following the sale, the director now directly owns 6,397 shares of the company’s stock, valued at approximately $918,737.14. The disclosure for this sale can be found here. Insiders own 8.44% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in Cavco Industries by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,669 shares of the construction company’s stock worth $864,000 after acquiring an additional 107 shares during the period. Anchor Capital Advisors LLC lifted its position in Cavco Industries by 1.8% during the 3rd quarter. Anchor Capital Advisors LLC now owns 19,545 shares of the construction company’s stock worth $2,884,000 after acquiring an additional 351 shares during the period. American International Group Inc. lifted its position in Cavco Industries by 5.8% during the 3rd quarter. American International Group Inc. now owns 6,758 shares of the construction company’s stock worth $997,000 after acquiring an additional 371 shares during the period. Victory Capital Management Inc. lifted its position in Cavco Industries by 36.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,706 shares of the construction company’s stock worth $260,000 after acquiring an additional 460 shares during the period. Finally, Rhumbline Advisers lifted its position in Cavco Industries by 2.8% during the 3rd quarter. Rhumbline Advisers now owns 17,392 shares of the construction company’s stock worth $2,566,000 after acquiring an additional 474 shares during the period. 92.56% of the stock is owned by institutional investors.
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About Cavco Industries
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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