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.

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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.

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