Allison Aden Sells 1,473 Shares of Cavco Industries (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) EVP Allison Aden sold 1,473 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $625.00, for a total value of $920,625.00. Following the completion of the sale, the executive vice president directly owned 9,147 shares in the company, valued at $5,716,875. This trade represents a 13.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Allison Aden also recently made the following trade(s):

• On Friday, June 12th, Allison Aden sold 1,208 shares of Cavco Industries stock. The stock was sold at an average price of $600.00, for a total value of $724,800.00.
• On Friday, May 15th, Allison Aden sold 129 shares of Cavco Industries stock. The stock was sold at an average price of $455.76, for a total transaction of $58,793.04.

Cavco Industries Trading Up 0.1%

Shares of NASDAQ CVCO opened at $614.38 on Wednesday. The company’s 50-day moving average price is $539.68 and its 200 day moving average price is $556.59. Cavco Industries, Inc. has a 52 week low of $397.38 and a 52 week high of $713.01. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 25.63 and a beta of 1.30.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.30 by $0.12. The company had revenue of $550.13 million during the quarter, compared to analysts’ expectations of $571.06 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. As a group, research analysts expect that Cavco Industries, Inc. will post 25 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on CVCO shares. UBS Group initiated coverage on Cavco Industries in a report on Friday, June 5th. They set a “buy” rating and a $700.00 target price on the stock. Zacks Research raised Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cavco Industries in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $625.00.

Institutional Investors Weigh In On Cavco Industries

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in Cavco Industries by 852,093.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,128 shares of the construction company’s stock worth $1,062,226,000 after purchasing an additional 1,797,917 shares during the last quarter. Boston Partners boosted its holdings in shares of Cavco Industries by 82.8% in the 3rd quarter. Boston Partners now owns 369,177 shares of the construction company’s stock valued at $213,866,000 after purchasing an additional 167,230 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Cavco Industries by 53.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 213,572 shares of the construction company’s stock valued at $126,166,000 after buying an additional 74,542 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Cavco Industries by 122.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 74,155 shares of the construction company’s stock valued at $43,806,000 after buying an additional 40,832 shares during the period. Finally, Bamco Inc. NY acquired a new stake in shares of Cavco Industries during the 4th quarter worth $21,903,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cavco Industries Company Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.