Cavco Industries, Inc. (NASDAQ:CVCO) Short Interest Update

Cavco Industries, Inc. (NASDAQ:CVCO) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 150,300 shares, a decline of 7.7% from the October 31st total of 162,900 shares. Based on an average daily trading volume, of 63,400 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.0% of the shares of the company are sold short.

Cavco Industries Price Performance

Shares of CVCO stock traded up $4.93 on Monday, reaching $519.43. 38,978 shares of the stock were exchanged, compared to its average volume of 64,356. The stock has a 50 day moving average price of $449.40 and a 200 day moving average price of $403.05. The stock has a market cap of $4.21 billion, a PE ratio of 29.36 and a beta of 1.24. Cavco Industries has a one year low of $288.57 and a one year high of $544.08.

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

Wall Street Analysts Forecast Growth

CVCO has been the topic of a number of recent research reports. Wedbush lifted their price objective on Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a report on Friday, October 11th. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Craig Hallum increased their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Insider Transactions at Cavco Industries

In other news, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the sale, the chief accounting officer now directly owns 1,081 shares in the company, valued at approximately $433,913.40. The trade was a 7.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julia Sze sold 125 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the transaction, the director now owns 2,861 shares of the company’s stock, valued at $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,313 shares of company stock worth $1,780,681 over the last three months. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Cavco Industries

Institutional investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC grew its holdings in shares of Cavco Industries by 1.8% in the 3rd 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 period. Virtu Financial LLC acquired a new stake in shares of Cavco Industries during the third quarter worth about $637,000. Coldstream Capital Management Inc. bought a new position in shares of Cavco Industries during the 3rd quarter valued at about $213,000. Geode Capital Management LLC grew its position in shares of Cavco Industries by 6.1% in the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock valued at $96,107,000 after purchasing an additional 12,822 shares during the period. Finally, Barclays PLC increased its stake in Cavco Industries by 162.0% during the 3rd quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock worth $7,381,000 after purchasing an additional 10,656 shares in the last quarter. 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.