Cavco Industries, Inc. (NASDAQ:CVCO – Get Free Report) EVP Allison Aden sold 1,208 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $600.00, for a total value of $724,800.00. Following the completion of the transaction, the executive vice president directly owned 10,647 shares in the company, valued at $6,388,200. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Allison Aden also recently made the following trade(s):
- 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 value of $58,793.04.
Cavco Industries Price Performance
Shares of CVCO traded down $0.28 on Monday, hitting $592.48. The company’s stock had a trading volume of 77,256 shares, compared to its average volume of 142,393. The company has a market capitalization of $4.55 billion, a PE ratio of 24.72 and a beta of 1.30. Cavco Industries, Inc. has a fifty-two week low of $393.80 and a fifty-two week high of $713.01. The company has a 50 day moving average price of $518.38 and a 200 day moving average price of $555.34.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CVCO. Aster Capital Management DIFC Ltd acquired a new position in Cavco Industries during the 4th quarter worth $46,000. Kemnay Advisory Services Inc. acquired a new position in Cavco Industries during the 4th quarter worth $50,000. Los Angeles Capital Management LLC acquired a new position in Cavco Industries during the 4th quarter worth $54,000. Osaic Holdings Inc. lifted its holdings in Cavco Industries by 118.2% during the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock worth $57,000 after buying an additional 65 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Cavco Industries during the 3rd quarter worth $58,000. Institutional investors and hedge funds own 95.56% of the company’s stock.
Wall Street Analyst Weigh In
CVCO has been the topic of several recent analyst reports. Zacks Research raised Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. UBS Group initiated coverage on Cavco Industries in a report on Friday, June 5th. They set a “buy” rating and a $700.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cavco Industries in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $625.00.
Get Our Latest Analysis on Cavco Industries
About Cavco Industries
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.
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