Cavco Industries, Inc. (NASDAQ:CVCO – Get Free Report) Director Lisa Lynn Daniels sold 30 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $569.96, for a total value of $17,098.80. Following the completion of the sale, the director owned 297 shares in the company, valued at $169,278.12. This trade represents a 9.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Cavco Industries Stock Down 0.3%
NASDAQ:CVCO opened at $545.64 on Tuesday. The stock has a market cap of $4.21 billion, a P/E ratio of 23.74 and a beta of 1.29. The business’s 50-day moving average price is $574.46 and its two-hundred day moving average price is $549.94. Cavco Industries, Inc. has a twelve month low of $422.26 and a twelve month high of $713.01.
Cavco Industries (NASDAQ:CVCO – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $5.43 EPS for the quarter, missing the consensus estimate of $5.69 by ($0.26). The business had revenue of $609.96 million for the quarter, compared to analysts’ expectations of $590.54 million. Cavco Industries had a return on equity of 16.51% and a net margin of 7.89%. On average, equities research analysts expect that Cavco Industries, Inc. will post 24.5 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in CVCO. Parkside Financial Bank & Trust lifted its position in shares of Cavco Industries by 13.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 152 shares of the construction company’s stock worth $90,000 after buying an additional 18 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in Cavco Industries by 0.9% during the 1st quarter. Sheets Smith Wealth Management now owns 2,250 shares of the construction company’s stock valued at $1,090,000 after buying an additional 20 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Cavco Industries by 12.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock valued at $86,000 after buying an additional 22 shares in the last quarter. GAMMA Investing LLC increased its stake in Cavco Industries by 8.6% in the 2nd quarter. GAMMA Investing LLC now owns 415 shares of the construction company’s stock worth $255,000 after acquiring an additional 33 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Cavco Industries by 2.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,450 shares of the construction company’s stock worth $857,000 after acquiring an additional 40 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.
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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