Cavco Industries Inc. (CVCO) Reaches New 12-Month 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 traded. The stock had previously closed at $105.40.
The company has a 50 day moving average price of $100.08 and a 200-day moving average price of $92.26. The firm has a market cap of $934.15 million and a price-to-earnings ratio of 33.07.
Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Tuesday, August 9th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm earned $185.10 million during the quarter, compared to analyst estimates of $181.40 million. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities research analysts anticipate that Cavco Industries Inc. will post $3.70 earnings per share for the current year.
In other Cavco Industries 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 transaction of $1,113,200.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at $303,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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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