Cavco Industries Inc. (CVCO) Sees Large Volume Increase
Cavco Industries Inc. (NASDAQ:CVCO) saw an uptick in trading volume on Wednesday . 223,814 shares traded hands during trading, an increase of 226% from the previous session’s volume of 68,629 shares.The stock last traded at $97.17 and had previously closed at $97.50.
The firm’s 50 day moving average is $96.80 and its 200 day moving average is $90.38. The company has a market capitalization of $868.60 million and a P/E ratio of 30.85.
Cavco Industries (NASDAQ:CVCO) last released its earnings results on Tuesday, August 9th. The company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $185.10 million for the quarter, compared to analysts’ expectations of $181.40 million. During the same quarter last year, the firm posted $0.60 earnings per share. Cavco Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities analysts predict that Cavco Industries Inc. will post $3.70 earnings per share for the current fiscal year.
A number of large investors have bought and sold shares of the stock. Russell Frank Co acquired a new stake in Cavco Industries during the fourth quarter worth approximately $1,302,000. California State Teachers Retirement System boosted 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 worth $1,365,000 after buying an additional 200 shares in the last quarter. Finally, Schroder Investment Management Group boosted 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 worth $5,187,000 after buying an additional 37,193 shares in the last quarter.
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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