Cavco Industries (NASDAQ:CVCO) EVP Allison Aden Sells 129 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) EVP Allison Aden sold 129 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $455.76, for a total value of $58,793.04. Following the completion of the transaction, the executive vice president owned 8,806 shares of the company’s stock, valued at approximately $4,013,422.56. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cavco Industries Stock Up 1.4%

NASDAQ CVCO opened at $464.71 on Wednesday. The stock has a market cap of $3.61 billion, a PE ratio of 20.19 and a beta of 1.31. Cavco Industries, Inc. has a fifty-two week low of $393.53 and a fifty-two week high of $713.01. The business has a 50 day moving average price of $496.41 and a two-hundred day moving average price of $556.57.

Analysts Set New Price Targets

CVCO has been the subject of a number of analyst reports. Zelman & Associates upgraded Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. Weiss Ratings cut Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Finally, Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $550.00.

Hedge Funds Weigh In On Cavco Industries

Institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Cavco Industries in the 4th quarter valued at approximately $46,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Cavco Industries during the 4th quarter valued at approximately $50,000. Los Angeles Capital Management LLC acquired a new stake in shares of Cavco Industries during the 4th quarter valued at approximately $54,000. Danske Bank A S acquired a new stake in shares of Cavco Industries during the 3rd quarter valued at approximately $58,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of Cavco Industries by 72.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 119 shares of the construction company’s stock valued at $69,000 after acquiring an additional 50 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

About Cavco Industries

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.