Cavco Industries, Inc. (CVCO) Director David A. Greenblatt Sells 3,000 Shares of Stock
Cavco Industries, Inc. (NASDAQ:CVCO) Director David A. Greenblatt sold 3,000 shares of Cavco Industries stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $136.68, for a total transaction of $410,040.00. Following the completion of the sale, the director now directly owns 10,175 shares of the company’s stock, valued at $1,390,719. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cavco Industries, Inc. (NASDAQ:CVCO) traded down 1.14% on Thursday, hitting $138.15. 16,801 shares of the stock were exchanged. The company has a market cap of $1.25 billion, a PE ratio of 28.49 and a beta of 1.54. Cavco Industries, Inc. has a 12 month low of $88.65 and a 12 month high of $143.10. The company has a 50-day moving average price of $132.99 and a 200 day moving average price of $123.97.
Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Monday, August 7th. The construction company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.20. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $200.70 million. Cavco Industries had a net margin of 5.56% and a return on equity of 11.40%. Cavco Industries’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Equities analysts forecast that Cavco Industries, Inc. will post $4.71 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/cavco-industries-inc-cvco-director-david-a-greenblatt-sells-3000-shares-of-stock/1578697.html.
Several research firms have weighed in on CVCO. BidaskClub raised shares of Cavco Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Sidoti upgraded shares of Cavco Industries from a “neutral” rating to a “buy” rating in a report on Friday, August 25th.
A number of large investors have recently added to or reduced their stakes in the business. Ashford Capital Management Inc. increased its stake in Cavco Industries by 95.8% during the 2nd quarter. Ashford Capital Management Inc. now owns 100,400 shares of the construction company’s stock valued at $13,017,000 after purchasing an additional 49,133 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Cavco Industries during the 2nd quarter valued at about $675,000. WINTON GROUP Ltd bought a new stake in Cavco Industries during the 2nd quarter valued at about $846,000. Piedmont Investment Advisors LLC bought a new stake in Cavco Industries during the 2nd quarter valued at about $237,000. Finally, The Manufacturers Life Insurance Company increased its stake in Cavco Industries by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,669 shares of the construction company’s stock valued at $864,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.
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.