Cavco Industries, Inc. (NASDAQ:CVCO - Get Free Report) Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the transaction, the director now directly owns 15,286 shares in the company, valued at approximately $8,084,459.68. This trade represents a 20.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Cavco Industries Stock Performance
Shares of NASDAQ CVCO opened at $520.32 on Friday. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 25.61 and a beta of 1.35. The business has a 50 day simple moving average of $494.56 and a 200 day simple moving average of $462.44. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. On average, analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.
Institutional Investors Weigh In On Cavco Industries
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Cavco Industries by 118.8% in the 4th quarter. FMR LLC now owns 296,343 shares of the construction company's stock worth $132,237,000 after purchasing an additional 160,899 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cavco Industries by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company's stock worth $101,324,000 after buying an additional 2,640 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Cavco Industries by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock worth $86,522,000 after buying an additional 614 shares during the last quarter. GW&K Investment Management LLC lifted its holdings 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 worth $84,210,000 after buying an additional 1,931 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings 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 buying an additional 28,730 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CVCO has been the topic of several research analyst reports. Wedbush reaffirmed a "neutral" rating and set a $550.00 target price (up previously 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 note on Monday, February 3rd.
View Our Latest Analysis on CVCO
Cavco Industries Company Profile
(
Get Free Report)
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.
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