Insider Selling: Cavco Industries (NASDAQ:CVCO) EVP Sells $920,625.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCOGet Free Report) EVP Allison Aden sold 1,473 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $625.00, for a total transaction of $920,625.00. Following the sale, the executive vice president owned 9,147 shares in the company, valued at $5,716,875. This represents a 13.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction 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 Stock Performance

NASDAQ CVCO opened at $601.89 on Thursday. The firm’s 50 day moving average price is $540.92 and its two-hundred day moving average price is $556.60. Cavco Industries, Inc. has a twelve month low of $397.38 and a twelve month high of $713.01. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 25.11 and a beta of 1.30.

Cavco Industries (NASDAQ:CVCOGet Free Report) last issued its earnings results on Thursday, May 21st. The construction company reported $5.42 EPS for the quarter, topping the consensus estimate of $5.30 by $0.12. Cavco Industries had a return on equity of 17.55% and a net margin of 8.49%.The business had revenue of $550.13 million during the quarter, compared to analysts’ expectations of $571.06 million. On average, research analysts forecast that Cavco Industries, Inc. will post 25 EPS for the current fiscal year.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on Cavco Industries

Institutional Trading of Cavco Industries

A number of institutional investors have recently added to or reduced their stakes in CVCO. Northwestern Mutual Wealth Management Co. grew its position in Cavco Industries by 852,093.4% in 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 acquiring an additional 1,797,917 shares in the last quarter. Boston Partners raised its holdings in shares of Cavco Industries by 82.8% during 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Cavco Industries by 53.6% in 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 purchasing an additional 74,542 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Cavco Industries by 122.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 74,155 shares of the construction company’s stock valued at $43,806,000 after purchasing an additional 40,832 shares during the last quarter. Finally, Bamco Inc. NY bought a new stake in Cavco Industries in the fourth quarter worth $21,903,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

About Cavco Industries

(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.

Further Reading

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

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