Cavco Industries (CVCO) Receiving Somewhat Positive News Coverage, Report Shows
News headlines about Cavco Industries (NASDAQ:CVCO) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cavco Industries earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.4195778631989 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Cavco Industries, Inc. breached its 50 day moving average in a Bullish Manner : CVCO-US : August 29, 2017 (finance.yahoo.com)
- Cavco Industries, Inc. (CVCO) Coverage Initiated by Analysts at Sidoti (americanbankingnews.com)
- Zacks: Brokerages Set $114.00 Price Target for Cavco Industries, Inc. (CVCO) (americanbankingnews.com)
- ETFs with exposure to Cavco Industries, Inc. : August 23, 2017 (finance.yahoo.com)
A number of research firms have issued reports on CVCO. Sidoti upgraded Cavco Industries from a “neutral” rating to a “buy” rating in a research note on Friday, August 25th. BidaskClub upgraded Cavco Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 16th.
Cavco Industries (NASDAQ CVCO) traded down 0.37% during trading on Wednesday, reaching $133.30. The company’s stock had a trading volume of 28,232 shares. Cavco Industries has a one year low of $88.65 and a one year high of $143.10. The company has a 50-day moving average of $130.64 and a 200 day moving average of $121.49. The firm has a market cap of $1.20 billion, a PE ratio of 27.49 and a beta of 1.53.
Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Monday, August 7th. The construction company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.20. Cavco Industries had a net margin of 5.56% and a return on equity of 11.40%. The firm had revenue of $206.80 million for the quarter, compared to the consensus estimate of $200.70 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts expect that Cavco Industries will post $4.91 EPS for the current fiscal year.
In related news, Director William C. Boor sold 3,000 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $130.59, for a total transaction of $391,770.00. Following the sale, the director now directly owns 6,397 shares of the company’s stock, valued at $835,384.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.44% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/cavco-industries-cvco-receiving-somewhat-positive-news-coverage-report-shows/1532485.html.
About Cavco Industries
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
Receive News & Ratings for Cavco Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.