Cavco Industries Inc. (CVCO) Shares Up 3.2%
Cavco Industries Inc. (NASDAQ:CVCO) shares shot up 3.2% during trading 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 company has a 50-day moving average of $95.47 and a 200-day moving average of $88.28. The stock has a market cap of $909.10 million and a P/E ratio of 32.29.
Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results 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. During the same period in the previous year, the company earned $0.66 EPS. The firm had revenue of $177.29 million for the quarter. Cavco Industries’s revenue was up 25.5% compared to the same quarter last year. On average, equities research analysts expect that Cavco Industries Inc. will post $3.70 EPS for the current year.
In other news, Director William C. Boor sold 2,500 shares of the stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $86.81, for a total value of $217,025.00. Following the completion of the sale, the director now owns 8,122 shares in the company, valued at $705,070.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Other large investors recently bought and sold shares of the company. Russell Frank Co bought a new stake in Cavco Industries during the fourth quarter worth about $1,302,000. 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 worth $1,365,000 after buying an additional 200 shares during the period. 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 worth $1,707,000 after buying an additional 17,963 shares during the period. 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 worth $2,304,000 after buying an additional 27,614 shares during the period. Finally, 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 worth $5,187,000 after buying an additional 37,193 shares during the period.
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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