Paul Bigbee Sells 100 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) CAO Paul Bigbee sold 100 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total value of $51,223.00. Following the completion of the transaction, the chief accounting officer now owns 981 shares in the company, valued at approximately $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Paul Bigbee also recently made the following trade(s):

• On Wednesday, September 11th, Paul Bigbee sold 88 shares of Cavco Industries stock. The stock was sold at an average price of $401.40, for a total value of $35,323.20.

Cavco Industries Stock Down 2.1 %

NASDAQ:CVCO traded down $11.16 during trading hours on Tuesday, hitting $522.01. 36,395 shares of the company traded hands, compared to its average volume of 64,445. The firm’s 50-day simple moving average is $442.76 and its 200-day simple moving average is $399.15. Cavco Industries, Inc. has a one year low of $271.48 and a one year high of $544.08. The company has a market cap of $4.23 billion, a PE ratio of 29.37 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The business had revenue of $507.46 million for the quarter, compared to analysts’ expectations of $480.10 million. During the same period last year, the business earned $4.76 EPS. As a group, equities research analysts expect that Cavco Industries, Inc. will post 18 EPS for the current year.

Institutional Investors Weigh In On Cavco Industries

Several large investors have recently made changes to their positions in CVCO. Blue Trust Inc. increased its position in shares of Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after purchasing an additional 99 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Cavco Industries by 390.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after acquiring an additional 82 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in Cavco Industries in the 3rd quarter worth about $64,000. GAMMA Investing LLC increased its holdings in Cavco Industries by 30.2% in the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after acquiring an additional 64 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Cavco Industries in the 2nd quarter worth about $138,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CVCO. Wedbush increased their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

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.