Matthew A. Nino Sells 894 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) insider Matthew A. Nino sold 894 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the transaction, the insider now directly owns 771 shares of the company’s stock, valued at approximately $407,882.13. The trade was a 53.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Cavco Industries Trading Down 0.6 %

Shares of NASDAQ CVCO traded down $3.11 during mid-day trading on Thursday, hitting $530.74. The company had a trading volume of 19,801 shares, compared to its average volume of 60,441. The stock’s 50-day moving average price is $473.68 and its 200-day moving average price is $441.41. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 26.11 and a beta of 1.35. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Cavco Industries

Several hedge funds have recently made changes to their positions in CVCO. Farther Finance Advisors LLC raised its holdings in Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Cavco Industries during the 3rd quarter worth approximately $64,000. Smartleaf Asset Management LLC increased its stake in Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after acquiring an additional 128 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Cavco Industries by 90.0% in the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after acquiring an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after purchasing an additional 64 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.