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

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

Cavco Industries Price Performance

NASDAQ:CVCO traded up $6.60 during trading hours on Tuesday, hitting $464.71. The company had a trading volume of 102,018 shares, compared to its average volume of 123,796. The company has a market capitalization of $3.61 billion, a PE ratio of 20.19 and a beta of 1.31. The stock has a 50-day moving average price of $496.41 and a 200 day moving average price of $556.57. Cavco Industries, Inc. has a 52 week low of $393.53 and a 52 week high of $713.01.

Institutional Trading of Cavco Industries

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in Cavco Industries by 5.2% during the 1st quarter. Royal Bank of Canada now owns 18,951 shares of the construction company’s stock valued at $9,849,000 after purchasing an additional 934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cavco Industries by 1.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,799 shares of the construction company’s stock valued at $2,494,000 after purchasing an additional 90 shares during the last quarter. United Services Automobile Association purchased a new stake in Cavco Industries during the 1st quarter valued at about $266,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cavco Industries by 15.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,876 shares of the construction company’s stock valued at $9,289,000 after purchasing an additional 2,384 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Cavco Industries by 12.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock valued at $86,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Zelman & Associates upgraded shares of Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. Finally, Weiss Ratings cut shares of Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cavco Industries currently has a consensus rating of “Moderate Buy” and an average target price of $550.00.

Cavco Industries Company Profile

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.