Jack S. Brandom Sells 1,000 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) insider Jack S. Brandom sold 1,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the sale, the insider now owns 1,176 shares in the company, valued at approximately $632,688. The trade was a 45.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cavco Industries Price Performance

Shares of NASDAQ:CVCO opened at $524.85 on Thursday. The company’s 50-day moving average price is $474.94 and its two-hundred day moving average price is $445.25. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The stock has a market capitalization of $4.26 billion, a PE ratio of 25.83 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. On average, analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

CVCO has been the topic of several recent research reports. Craig Hallum lifted their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Wedbush reissued a “neutral” rating and issued a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. Finally, StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Institutional Investors Weigh In On Cavco Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after acquiring an additional 82 shares in the last quarter. Avior Wealth Management LLC bought a new stake in shares of Cavco Industries in the 3rd quarter valued at about $64,000. Harvest Fund Management Co. Ltd acquired a new stake in Cavco Industries in the 4th quarter valued at about $67,000. Smartleaf Asset Management LLC grew its holdings in Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after purchasing an additional 128 shares during the period. Finally, Blue Trust Inc. grew its holdings in Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after purchasing an additional 90 shares during the period. 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.