Cavco Industries Inc. (CVCO) Sets New 12-Month High at $107.06
Shares of Cavco Industries Inc. (NASDAQ:CVCO) hit a new 52-week high during trading on Friday . The company traded as high as $107.06 and last traded at $107.06, with a volume of 101,416 shares traded. The stock had previously closed at $104.34.
The company has a 50 day moving average price of $100.95 and a 200 day moving average price of $93.25. The firm has a market cap of $960.44 million and a price-to-earnings ratio of 34.00.
Cavco Industries (NASDAQ:CVCO) last issued 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. During the same quarter last year, the business earned $0.60 EPS. The business earned $185.10 million during the quarter, compared to the consensus estimate of $181.40 million. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts forecast that Cavco Industries Inc. will post $3.70 EPS for the current year.
In related news, Director Steven G. Bunger sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $101.20, for a total value of $1,113,200.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $303,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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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