Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount Sells 2,000 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) Director Susan L. Blount sold 2,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the transaction, the director now directly owns 2,836 shares in the company, valued at $1,438,362.48. The trade was a 41.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cavco Industries Stock Performance

Shares of NASDAQ:CVCO opened at $528.60 on Friday. The stock’s 50-day moving average is $474.10 and its 200-day moving average is $442.08. The company has a market cap of $4.29 billion, a P/E ratio of 26.01 and a beta of 1.35. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $544.08.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.25% and a net margin of 8.75%. As a group, equities analysts predict that Cavco Industries, Inc. will post 18 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on CVCO shares. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush reiterated a “neutral” rating and set a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. Finally, Craig Hallum lifted their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

Institutional Investors Weigh In On Cavco Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank boosted its holdings in Cavco Industries by 1.2% in the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after purchasing an additional 29 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Cavco Industries by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after buying an additional 31 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Cavco Industries by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock valued at $4,066,000 after buying an additional 37 shares during the period. GAMMA Investing LLC grew its position in Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after buying an additional 42 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.