Insider Selling: Cavco Industries, Inc. (NASDAQ:CVCO) CAO Sells 100 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee sold 100 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the sale, the chief accounting officer now directly owns 981 shares of the company’s stock, valued at $502,497.63. This represents a 9.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Paul Bigbee also recently made the following trade(s):

• On Wednesday, September 11th, Paul Bigbee sold 88 shares of Cavco Industries stock. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20.

Cavco Industries Stock Performance

Shares of Cavco Industries stock traded down $11.16 on Tuesday, hitting $522.01. The stock had a trading volume of 36,395 shares, compared to its average volume of 64,445. The stock has a 50 day moving average of $442.76 and a 200 day moving average of $399.15. Cavco Industries, Inc. has a twelve month low of $271.48 and a twelve month high of $544.08. The firm has a market capitalization of $4.23 billion, a P/E ratio of 29.37 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The company had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. During the same quarter in the prior year, the firm posted $4.76 earnings per share. Equities analysts expect that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CVCO shares. Craig Hallum upped their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wedbush boosted their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Finally, StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Institutional Trading of Cavco Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVCO. O Shaughnessy Asset Management LLC acquired a new stake in Cavco Industries during the 1st quarter valued at approximately $209,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Cavco Industries by 6.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 6,775 shares of the construction company’s stock worth $2,697,000 after buying an additional 437 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cavco Industries by 3.1% during the 1st quarter. Janus Henderson Group PLC now owns 6,302 shares of the construction company’s stock worth $2,514,000 after buying an additional 190 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Cavco Industries by 507.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company’s stock worth $3,139,000 after buying an additional 7,576 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Cavco Industries during the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cavco Industries

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.