Cavco Industries (NASDAQ:CVCO) EVP Allison Aden Sells 1,473 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) EVP Allison Aden sold 1,473 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $625.00, for a total value of $920,625.00. Following the completion of the transaction, the executive vice president directly owned 9,147 shares of the company’s stock, valued at approximately $5,716,875. The trade was a 13.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Allison Aden also recently made the following trade(s):

• On Friday, June 12th, Allison Aden sold 1,208 shares of Cavco Industries stock. The stock was sold at an average price of $600.00, for a total transaction of $724,800.00.
• On Friday, May 15th, Allison Aden sold 129 shares of Cavco Industries stock. The stock was sold at an average price of $455.76, for a total value of $58,793.04.

Cavco Industries Trading Down 0.1%

Shares of Cavco Industries stock opened at $617.52 on Monday. Cavco Industries, Inc. has a 1-year low of $397.38 and a 1-year high of $713.01. The business has a 50-day moving average price of $535.96 and a two-hundred day moving average price of $556.16. The company has a market cap of $4.76 billion, a P/E ratio of 25.76 and a beta of 1.30.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.30 by $0.12. Cavco Industries had a return on equity of 17.55% and a net margin of 8.49%.The firm had revenue of $550.13 million for the quarter, compared to analysts’ expectations of $571.06 million. Equities research analysts forecast that Cavco Industries, Inc. will post 25 EPS for the current fiscal year.

Hedge Funds Weigh In On Cavco Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in Cavco Industries by 852,093.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,128 shares of the construction company’s stock valued at $1,062,226,000 after acquiring an additional 1,797,917 shares in the last quarter. State Street Corp grew its position in shares of Cavco Industries by 6.1% in the 2nd quarter. State Street Corp now owns 380,682 shares of the construction company’s stock worth $165,380,000 after buying an additional 21,837 shares during the period. Boston Partners grew its position in shares of Cavco Industries by 82.8% in the 3rd quarter. Boston Partners now owns 369,177 shares of the construction company’s stock worth $213,866,000 after buying an additional 167,230 shares during the period. Geode Capital Management LLC increased its stake in shares of Cavco Industries by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 232,847 shares of the construction company’s stock worth $137,569,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Cavco Industries by 53.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 213,572 shares of the construction company’s stock worth $126,166,000 after acquiring an additional 74,542 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Analyst Ratings Changes

CVCO has been the subject of several recent analyst reports. UBS Group began coverage on Cavco Industries in a report on Friday, June 5th. They issued a “buy” rating and a $700.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cavco Industries in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $625.00.

About Cavco Industries

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.