Cavco Industries, Inc. (NASDAQ:CVCO) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Cavco Industries’ rating score has declined by 50% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a 12 month consensus target price of $220.00 for the company, according to Zacks. Zacks has also assigned Cavco Industries an industry rank of 247 out of 257 based on the ratings given to related companies.

Several analysts recently commented on the company. BidaskClub lowered Cavco Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Craig Hallum set a $230.00 price target on Cavco Industries and gave the company a “hold” rating in a research note on Wednesday, August 8th.

Shares of CVCO traded up $10.86 on Tuesday, reaching $167.88. 153,300 shares of the stock traded hands, compared to its average volume of 55,718. The stock has a market cap of $1.50 billion, a PE ratio of 20.89 and a beta of 1.69. The company has a current ratio of 2.28, a quick ratio of 1.71 and a debt-to-equity ratio of 0.03. Cavco Industries has a 12 month low of $139.50 and a 12 month high of $261.80.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Friday, November 9th. The construction company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.18. The business had revenue of $241.53 million for the quarter, compared to analyst estimates of $240.53 million. Cavco Industries had a return on equity of 15.72% and a net margin of 8.28%. Cavco Industries’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS.

In related news, CEO Joseph H. Stegmayer sold 11,740 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $240.44, for a total value of $2,822,765.60. Following the sale, the chief executive officer now owns 522,739 shares of the company’s stock, valued at approximately $125,687,365.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles E. Lott sold 2,000 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $244.60, for a total value of $489,200.00. Following the completion of the transaction, the insider now directly owns 4,505 shares in the company, valued at approximately $1,101,923. The disclosure for this sale can be found here. 8.46% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its stake in Cavco Industries by 174.8% in the second quarter. Acadian Asset Management LLC now owns 599 shares of the construction company’s stock worth $124,000 after purchasing an additional 381 shares in the last quarter. Fiera Capital Corp acquired a new position in Cavco Industries in the second quarter worth $208,000. Janney Montgomery Scott LLC acquired a new position in Cavco Industries in the second quarter worth $216,000. Janus Henderson Group PLC acquired a new position in Cavco Industries in the third quarter worth $283,000. Finally, Capital Fund Management S.A. acquired a new position in Cavco Industries in the second quarter worth $291,000. 90.61% of the stock is currently owned by institutional investors.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

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