Somewhat Positive Press Coverage Somewhat Unlikely to Impact Cavco Industries (CVCO) Stock Price

Media headlines about Cavco Industries (NASDAQ:CVCO) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cavco Industries earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 44.169907861415 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Cavco Industries (CVCO) opened at $169.40 on Monday. Cavco Industries has a one year low of $107.05 and a one year high of $182.57. The firm has a market cap of $1,530.82, a PE ratio of 34.86 and a beta of 1.46. The company has a quick ratio of 1.86, a current ratio of 2.57 and a debt-to-equity ratio of 0.12.

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Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $2.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $1.09. Cavco Industries had a net margin of 6.08% and a return on equity of 10.84%. The company had revenue of $221.40 million during the quarter, compared to analyst estimates of $213.87 million. During the same period in the prior year, the firm earned $1.35 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.

Separately, BidaskClub lowered shares of Cavco Industries from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th.

In related news, CEO Joseph H. Stegmayer sold 6,112 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $173.83, for a total value of $1,062,448.96. Following the completion of the sale, the chief executive officer now directly owns 520,525 shares of the company’s stock, valued at $90,482,860.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph H. Stegmayer sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $172.46, for a total transaction of $1,207,220.00. Following the completion of the sale, the chief executive officer now directly owns 520,525 shares of the company’s stock, valued at $89,769,741.50. The disclosure for this sale can be found here. 8.44% of the stock is owned by corporate insiders.

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Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. The company operates in two segments, Factory-Built Housing and Financial Services. It markets its manufactured homes under the brand names of Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Homes.

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