Cavco Industries, Inc. (NASDAQ:CVCO) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Zacks has also given Cavco Industries an industry rank of 3 out of 265 based on the ratings given to related companies.

Several equities analysts have issued reports on the stock. BidaskClub cut shares of Cavco Industries from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Sidoti upgraded shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research note on Friday, August 25th.

In other news, Director William C. Boor sold 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $143.62, for a total value of $430,860.00. Following the transaction, the director now owns 6,397 shares in the company, valued at approximately $918,737.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Hanna sold 2,464 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $147.96, for a total transaction of $364,573.44. Following the completion of the transaction, the director now owns 2,281 shares in the company, valued at approximately $337,496.76. The disclosure for this sale can be found here. Insiders sold a total of 9,464 shares of company stock worth $1,381,433 in the last quarter. Company insiders own 8.44% of the company’s stock.

Large investors have recently modified their holdings of the company. Robotti Robert lifted its stake in shares of Cavco Industries by 15.0% in the 2nd quarter. Robotti Robert now owns 172,723 shares of the construction company’s stock worth $18,643,000 after purchasing an additional 22,563 shares during the period. Capital Fund Management S.A. bought a new stake in Cavco Industries during the 2nd quarter worth approximately $480,000. Texas Permanent School Fund raised its stake in Cavco Industries by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock worth $800,000 after acquiring an additional 51 shares during the period. Cadence Capital Management LLC raised its stake in Cavco Industries by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 15,775 shares of the construction company’s stock worth $2,328,000 after acquiring an additional 767 shares during the period. Finally, Prudential Financial Inc. raised its stake in Cavco Industries by 129.8% during the 2nd quarter. Prudential Financial Inc. now owns 39,684 shares of the construction company’s stock worth $5,145,000 after acquiring an additional 22,413 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Cavco Industries (CVCO) opened at $146.80 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25. The stock has a market cap of $1,339.24, a PE ratio of 33.04 and a beta of 1.60. Cavco Industries has a one year low of $93.65 and a one year high of $157.80.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.13). The company had revenue of $200.50 million for 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%. Cavco Industries’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS.

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About Cavco Industries

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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