Cavco Industries, Inc. (NASDAQ:CVCO) Director Jack Hanna sold 2,464 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $147.96, for a total transaction of $364,573.44. Following the completion of the sale, the director now directly owns 2,281 shares in the company, valued at $337,496.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Cavco Industries, Inc. (CVCO) traded down $1.85 during mid-day trading on Friday, hitting $145.15. 55,600 shares of the stock were exchanged, compared to its average volume of 39,112. The company has a market cap of $1,327.06, a PE ratio of 32.74 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25. Cavco Industries, Inc. has a 12 month low of $93.65 and a 12 month high of $157.80.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.13). The company had revenue of $200.50 million during the quarter, compared to the consensus estimate of $190.87 million. Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a report on Friday, August 25th. BidaskClub cut shares of Cavco Industries from a “hold” rating to a “sell” rating in a report on Monday, August 14th.

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services Inc bought a new position in Cavco Industries in the 3rd quarter valued at about $218,000. Victory Capital Management Inc. raised its holdings in Cavco Industries by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,517 shares of the construction company’s stock valued at $197,000 after acquiring an additional 229 shares during the period. Pinnacle Associates Ltd. bought a new position in Cavco Industries in the 2nd quarter valued at about $226,000. Piedmont Investment Advisors LLC bought a new position in Cavco Industries in the 2nd quarter valued at about $237,000. Finally, Crossmark Global Holdings Inc. bought a new position in Cavco Industries in the 3rd quarter valued at about $273,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

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Cavco Industries Company Profile

Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.

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