Cavco Industries (NASDAQ:CVCO) Hits New 12-Month High at $400.23

Cavco Industries, Inc. (NASDAQ:CVCO)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $400.23 and last traded at $399.46, with a volume of 10686 shares traded. The stock had previously closed at $392.11.

Cavco Industries Trading Up 1.8 %

The stock’s 50-day moving average price is $361.04 and its 200-day moving average price is $313.66. The company has a market capitalization of $3.33 billion, a P/E ratio of 20.25 and a beta of 1.14.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). The company had revenue of $446.77 million for the quarter, compared to analyst estimates of $428.40 million. Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. During the same quarter in the prior year, the firm earned $6.66 EPS. Sell-side analysts expect that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In related news, CAO Paul Bigbee sold 262 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the completion of the sale, the chief accounting officer now owns 766 shares in the company, valued at approximately $281,221.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the completion of the sale, the insider now owns 1,248 shares in the company, valued at approximately $449,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Paul Bigbee sold 262 shares of Cavco Industries stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the sale, the chief accounting officer now owns 766 shares in the company, valued at approximately $281,221.58. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cavco Industries

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Cavco Industries by 75.9% during the 1st quarter. JPMorgan Chase & Co. now owns 24,779 shares of the construction company’s stock valued at $5,968,000 after acquiring an additional 10,691 shares during the last quarter. Raymond James & Associates grew its position in shares of Cavco Industries by 5.8% during the 1st quarter. Raymond James & Associates now owns 14,161 shares of the construction company’s stock worth $3,411,000 after buying an additional 774 shares during the period. US Bancorp DE increased its stake in shares of Cavco Industries by 25.2% in the 1st quarter. US Bancorp DE now owns 388 shares of the construction company’s stock valued at $94,000 after acquiring an additional 78 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Cavco Industries by 58.6% in the 1st quarter. MetLife Investment Management LLC now owns 4,906 shares of the construction company’s stock valued at $1,182,000 after acquiring an additional 1,813 shares during the period. Finally, Rhumbline Advisers boosted its stake in Cavco Industries by 2.2% during the 1st quarter. Rhumbline Advisers now owns 23,738 shares of the construction company’s stock worth $5,717,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

About Cavco Industries

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.