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

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 2,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total value of $1,014,360.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.

Cavco Industries Trading Down 1.6 %

Shares of NASDAQ CVCO opened at $528.60 on Friday. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The business has a 50-day moving average price of $474.10 and a two-hundred day moving average price of $442.08. The firm has a market capitalization of $4.29 billion, a PE ratio of 26.01 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly 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%. Research analysts anticipate that Cavco Industries, Inc. will post 18 EPS for the current year.

Hedge Funds Weigh In On Cavco Industries

Several institutional investors and hedge funds have recently modified their holdings of CVCO. Fisher Asset Management LLC raised its holdings in shares of Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after acquiring an additional 5,620 shares in the last quarter. Blue Trust Inc. increased its position in Cavco Industries by 90.0% in the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after purchasing an additional 90 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after purchasing an additional 22,451 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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 buying an additional 82 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Cavco Industries by 162.0% in the 3rd quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock valued at $7,381,000 after buying an additional 10,656 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CVCO has been the subject of several recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Craig Hallum lifted their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Cavco Industries Company Profile

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.