Cavco Industries Inc. (CVCO) Trading 3.2% Higher
Cavco Industries Inc. (NASDAQ:CVCO) traded up 3.2% on Monday . The stock traded as high as $102.01 and last traded at $101.96, with a volume of 79,165 shares traded. The stock had previously closed at $98.83.
The firm has a market cap of $917.23 million and a P/E ratio of 32.57. The firm has a 50 day moving average of $95.32 and a 200 day moving average of $88.19.
Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Thursday, May 26th. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The company earned $177.29 million during the quarter. The company’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities analysts forecast that Cavco Industries Inc. will post $3.70 EPS for the current fiscal year.
In other Cavco Industries news, Director William C. Boor sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $86.81, for a total value of $217,025.00. Following the sale, the director now owns 8,122 shares in the company, valued at approximately $705,070.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Other large investors recently added to or reduced their stakes in the company. Schroder Investment Management Group raised its stake in Cavco Industries by 148.4% in the fourth quarter. Schroder Investment Management Group now owns 62,256 shares of the company’s stock valued at $5,187,000 after buying an additional 37,193 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Cavco Industries by 57,529.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,662 shares of the company’s stock valued at $2,304,000 after buying an additional 27,614 shares in the last quarter. Morgan Stanley raised its stake in Cavco Industries by 708.6% in the fourth quarter. Morgan Stanley now owns 20,498 shares of the company’s stock valued at $1,707,000 after buying an additional 17,963 shares in the last quarter. California State Teachers Retirement System raised its stake in Cavco Industries by 1.2% in the fourth quarter. California State Teachers Retirement System now owns 16,385 shares of the company’s stock valued at $1,365,000 after buying an additional 200 shares in the last quarter. Finally, Russell Frank Co bought a new stake in Cavco Industries during the fourth quarter valued at approximately $1,302,000.
Cavco Industries, Inc (Cavco) is a producer of manufactured homes in the United States. The Company designs and produces factory-built homes primarily distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. The Company is a builder of park model homes, vacation cabins, and systems-built commercial structures, as well as modular homes.
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