Cavco Industries, Inc. (NASDAQ:CVCO) Director William C. Boor sold 3,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $143.62, for a total value of $430,860.00. Following the completion of the sale, the director now owns 6,397 shares of the company’s stock, valued at approximately $918,737.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Cavco Industries, Inc. (NASDAQ:CVCO) opened at $145.20 on Monday. The stock has a market capitalization of $1,310.81, a price-to-earnings ratio of 32.34 and a beta of 1.60. The company has a current ratio of 2.25, a quick ratio of 1.66 and a debt-to-equity ratio of 0.13. Cavco Industries, Inc. has a 52-week low of $93.65 and a 52-week high of $157.80.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.13). The company had revenue of $200.50 million for the quarter, compared to analyst estimates of $190.87 million. Cavco Industries had a return on equity of 10.30% and a net margin of 5.09%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share.

Several analysts have recently weighed in on the company. BidaskClub lowered Cavco Industries from a “hold” rating to a “sell” rating in a report on Thursday. Sidoti upgraded Cavco Industries from a “neutral” rating to a “buy” rating in a report on Friday, August 25th.

Several institutional investors have recently made changes to their positions in CVCO. FMR LLC raised its position in shares of Cavco Industries by 26.1% during the second quarter. FMR LLC now owns 416,180 shares of the construction company’s stock worth $53,958,000 after purchasing an additional 86,212 shares during the period. Ashford Capital Management Inc. raised its position in shares of Cavco Industries by 95.8% during the second quarter. Ashford Capital Management Inc. now owns 100,400 shares of the construction company’s stock worth $13,017,000 after purchasing an additional 49,133 shares during the period. Royal Bank of Canada raised its position in shares of Cavco Industries by 32.2% during the second quarter. Royal Bank of Canada now owns 124,007 shares of the construction company’s stock worth $16,078,000 after purchasing an additional 30,200 shares during the period. RWC Asset Management LLP raised its position in shares of Cavco Industries by 22.4% during the third quarter. RWC Asset Management LLP now owns 128,836 shares of the construction company’s stock worth $19,010,000 after purchasing an additional 23,616 shares during the period. Finally, Robotti Robert raised its position in shares of Cavco Industries by 15.0% during the second quarter. Robotti Robert now owns 172,723 shares of the construction company’s stock worth $18,643,000 after purchasing an additional 22,563 shares during the period. 91.79% of the stock is currently owned by institutional investors.

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Cavco Industries Company Profile

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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