Insider Selling: Cavco Industries (NASDAQ:CVCO) CAO Sells 342 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCOGet Free Report) CAO Paul Bigbee sold 342 shares of Cavco Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $592.00, for a total value of $202,464.00. Following the completion of the transaction, the chief accounting officer owned 736 shares of the company’s stock, valued at approximately $435,712. The trade was a 31.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Paul Bigbee also recently made the following trade(s):

  • On Thursday, May 28th, Paul Bigbee sold 200 shares of Cavco Industries stock. The stock was sold at an average price of $537.75, for a total value of $107,550.00.

Cavco Industries Price Performance

Shares of NASDAQ:CVCO traded up $14.08 during midday trading on Wednesday, reaching $598.85. The company’s stock had a trading volume of 101,389 shares, compared to its average volume of 158,393. The business’s fifty day simple moving average is $584.05 and its 200-day simple moving average is $543.45. Cavco Industries, Inc. has a fifty-two week low of $443.33 and a fifty-two week high of $713.01. The company has a market capitalization of $4.61 billion, a P/E ratio of 26.06 and a beta of 1.29.

Cavco Industries (NASDAQ:CVCOGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.69 by ($0.26). Cavco Industries had a return on equity of 16.51% and a net margin of 7.89%.The company had revenue of $609.96 million for the quarter, compared to analyst estimates of $590.54 million. On average, analysts forecast that Cavco Industries, Inc. will post 22.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Cavco Industries in a research note on Tuesday, May 26th. Zelman & Associates downgraded Cavco Industries from an “outperform” rating to a “neutral” rating in a report on Thursday, August 6th. UBS Group initiated coverage on Cavco Industries in a research report on Friday, June 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, Zacks Research cut Cavco Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cavco Industries presently has a consensus rating of “Hold” and a consensus price target of $700.00.

Get Our Latest Analysis on Cavco Industries

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Silvant Capital Management LLC acquired a new stake in shares of Cavco Industries during the 2nd quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new position in Cavco Industries in the second quarter valued at approximately $28,000. Allworth Financial LP acquired a new position in Cavco Industries in the second quarter valued at approximately $44,000. Aster Capital Management DIFC Ltd bought a new position in Cavco Industries in the fourth quarter valued at approximately $46,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Cavco Industries during the 4th quarter worth $50,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Cavco Industries (NASDAQ:CVCO)

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