Cavco Industries, Inc. (NASDAQ:CVCO) Director Sells $2,115,520.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director David A. Greenblatt sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the sale, the director now owns 15,286 shares of the company’s stock, valued at approximately $8,084,459.68. The trade was a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cavco Industries Stock Performance

NASDAQ CVCO opened at $520.32 on Monday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.61 and a beta of 1.34. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The company’s 50 day moving average price is $494.56 and its 200 day moving average price is $463.46.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. Sell-side analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CVCO. Wedbush reissued a “neutral” rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CVCO. FMR LLC grew its stake in shares of Cavco Industries by 118.8% in the fourth quarter. FMR LLC now owns 296,343 shares of the construction company’s stock valued at $132,237,000 after buying an additional 160,899 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cavco Industries by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company’s stock worth $101,324,000 after acquiring an additional 2,640 shares during the period. Boston Trust Walden Corp grew its position in Cavco Industries by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company’s stock valued at $86,522,000 after acquiring an additional 614 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Cavco Industries by 1.0% during the fourth quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company’s stock valued at $84,210,000 after purchasing an additional 1,931 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Cavco Industries by 18.7% during the fourth quarter. Invesco Ltd. now owns 182,457 shares of the construction company’s stock worth $81,418,000 after purchasing an additional 28,730 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

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.