Cavco Industries (NASDAQ:CVCO) Director Steven Moster Buys 300 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director Steven Moster acquired 300 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average price of $456.23 per share, with a total value of $136,869.00. Following the completion of the purchase, the director owned 2,976 shares in the company, valued at $1,357,740.48. The trade was a 11.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cavco Industries Stock Performance

NASDAQ:CVCO opened at $505.46 on Thursday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 21.96 and a beta of 1.32. Cavco Industries, Inc. has a 1 year low of $393.53 and a 1 year high of $713.01. The business has a fifty day moving average of $609.93 and a 200-day moving average of $553.61.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 29th. The construction company reported $5.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.00 by ($0.42). The company had revenue of $580.99 million during the quarter, compared to the consensus estimate of $593.37 million. Cavco Industries had a net margin of 8.37% and a return on equity of 17.84%. On average, equities research analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Wall Street Analysts Forecast Growth

CVCO has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Cavco Industries in a report on Monday, December 29th. CJS Securities upgraded shares of Cavco Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research lowered shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $550.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new position in shares of Cavco Industries in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in Cavco Industries by 151.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 88 shares of the construction company’s stock worth $38,000 after acquiring an additional 53 shares during the period. Osaic Holdings Inc. lifted its position in Cavco Industries by 118.2% during the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock worth $57,000 after acquiring an additional 65 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Cavco Industries by 1,814.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 134 shares of the construction company’s stock worth $58,000 after acquiring an additional 127 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Cavco Industries during the third quarter valued at about $58,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Company Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.