Cavco Industries Inc. (CVCO) Reaches New 1-Year High at $106.98
Cavco Industries Inc. (NASDAQ:CVCO) reached a new 52-week high during trading on Friday . The company traded as high as $106.98 and last traded at $104.72, with a volume of 26,252 shares changing hands. The stock had previously closed at $105.40.
The stock has a market capitalization of $940.70 million and a P/E ratio of 33.30. The company’s 50 day moving average price is $99.83 and its 200-day moving average price is $92.04.
Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 period last year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts anticipate that Cavco Industries Inc. will post $3.70 earnings per share for the current fiscal year.
In other Cavco Industries news, Director Steven G. Bunger sold 11,000 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $101.20, for a total transaction of $1,113,200.00. Following the completion of the sale, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $303,600. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A hedge fund recently raised its stake in Cavco Industries stock. Schwab Charles Investment Management Inc. raised its position in shares of Cavco Industries Inc. (NASDAQ:CVCO) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,131 shares of the company’s stock after buying an additional 739 shares during the period. Schwab Charles Investment Management Inc. owned 0.30% of Cavco Industries worth $2,261,000 as of its most recent SEC filing.
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.