Cavco Industries, Inc. (NASDAQ:CVCO) Given Consensus Rating of “Moderate Buy” by Brokerages

Cavco Industries, Inc. (NASDAQ:CVCO) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $625.00.

A number of analysts recently issued reports on CVCO shares. UBS Group assumed coverage on Cavco Industries in a research note on Friday, June 5th. They set a “buy” rating and a $700.00 target price for the company. Zacks Research raised Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cavco Industries in a research report on Tuesday, May 26th.

Insider Transactions at Cavco Industries

In other news, EVP Allison Aden sold 1,473 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $625.00, for a total value of $920,625.00. Following the sale, the executive vice president owned 9,147 shares of the company’s stock, valued at $5,716,875. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Paul Bigbee sold 200 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $537.75, for a total value of $107,550.00. Following the transaction, the chief accounting officer directly owned 1,105 shares in the company, valued at $594,213.75. This trade represents a 15.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,541 shares of company stock valued at $2,121,932 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Cavco Industries

A number of large investors have recently added to or reduced their stakes in CVCO. Parkside Financial Bank & Trust lifted its stake in Cavco Industries by 13.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 152 shares of the construction company’s stock valued at $90,000 after buying an additional 18 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in shares of Cavco Industries by 0.9% during the first quarter. Sheets Smith Wealth Management now owns 2,250 shares of the construction company’s stock valued at $1,090,000 after acquiring an additional 20 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cavco Industries by 12.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock valued at $86,000 after acquiring an additional 22 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Cavco Industries by 2.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,450 shares of the construction company’s stock valued at $857,000 after acquiring an additional 40 shares in the last quarter. Finally, Aristides Capital LLC boosted its stake in shares of Cavco Industries by 4.6% in the fourth quarter. Aristides Capital LLC now owns 902 shares of the construction company’s stock worth $533,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Stock Performance

Shares of NASDAQ CVCO remained flat at $598.73 during mid-day trading on Friday. 77,131 shares of the stock traded hands, compared to its average volume of 122,493. The company has a 50 day simple moving average of $543.60 and a two-hundred day simple moving average of $556.91. Cavco Industries has a one year low of $397.38 and a one year high of $713.01. The stock has a market capitalization of $4.61 billion, a PE ratio of 24.98 and a beta of 1.28.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share for the quarter, beating the consensus estimate of $5.30 by $0.12. The firm had revenue of $550.13 million for the quarter, compared to analyst estimates of $571.06 million. Cavco Industries had a return on equity of 17.55% and a net margin of 8.49%. On average, equities research analysts anticipate that Cavco Industries will post 25 EPS for the current fiscal year.

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.