Jack S. Brandom Sells 1,000 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) insider Jack S. Brandom sold 1,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the sale, the insider now directly owns 1,176 shares of the company’s stock, valued at approximately $632,688. This represents a 45.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Cavco Industries Stock Performance

NASDAQ:CVCO traded up $2.46 during trading hours on Tuesday, hitting $530.79. The company’s stock had a trading volume of 46,471 shares, compared to its average volume of 61,066. The business’s 50-day moving average is $474.56 and its two-hundred day moving average is $444.46. The company has a market capitalization of $4.30 billion, a PE ratio of 26.12 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 quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Amalgamated Bank increased its position in shares of Cavco Industries by 1.2% in the third quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after buying an additional 29 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Cavco Industries by 1.8% in 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 in the last quarter. Thrivent Financial for Lutherans increased its position 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 in the last quarter. GAMMA Investing LLC increased its position in shares of Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after buying an additional 42 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Cavco Industries by 9.4% in the fourth quarter. Xponance Inc. now owns 596 shares of the construction company’s stock valued at $266,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CVCO has been the subject of several recent research reports. Craig Hallum increased their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wedbush reaffirmed a “neutral” rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. Finally, StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

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.