Cavco Industries (NASDAQ:CVCO) Director Purchases $43,500.00 in Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director David Greenblatt acquired 87 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was acquired at an average cost of $500.00 per share, for a total transaction of $43,500.00. Following the acquisition, the director owned 16,076 shares of the company’s stock, valued at $8,038,000. The trade was a 0.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cavco Industries Stock Up 2.5%

CVCO traded up $12.74 during trading on Thursday, hitting $518.20. The company’s stock had a trading volume of 104,149 shares, compared to its average volume of 238,673. The business’s 50 day simple moving average is $609.93 and its 200-day simple moving average is $553.61. The firm has a market cap of $4.02 billion, a PE ratio of 22.51 and a beta of 1.32. Cavco Industries, Inc. has a one year low of $393.53 and a one year high of $713.01.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 29th. The construction company reported $5.58 EPS for the quarter, missing analysts’ consensus estimates of $6.00 by ($0.42). The company had revenue of $580.99 million during the quarter, compared to the consensus estimate of $593.37 million. Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%. Equities research analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Cavco Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new stake in Cavco Industries during the third quarter worth approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of Cavco Industries by 151.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 88 shares of the construction company’s stock worth $38,000 after purchasing an additional 53 shares during the period. Danske Bank A S purchased a new stake in shares of Cavco Industries during the 3rd quarter worth approximately $58,000. Mather Group LLC. purchased a new position in shares of Cavco Industries in the third quarter valued at $63,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Cavco Industries by 72.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 119 shares of the construction company’s stock worth $69,000 after purchasing an additional 50 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CVCO shares. CJS Securities raised shares of Cavco Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Zelman & Associates upgraded Cavco Industries to an “outperform” rating in a report on Thursday. Zacks Research cut shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cavco Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Cavco Industries has an average rating of “Moderate Buy” and a consensus price target of $550.00.

Cavco Industries Company Profile

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.