Cavco Industries (NASDAQ:CVCO) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Monday.

Separately, Craig Hallum set a $170.00 price target on shares of Cavco Industries and gave the company a “hold” rating in a report on Monday, November 12th.

Cavco Industries stock opened at $165.80 on Monday. The company has a market capitalization of $1.59 billion, a PE ratio of 22.16 and a beta of 1.69. Cavco Industries has a twelve month low of $139.50 and a twelve month high of $261.80. The company has a quick ratio of 1.71, a current ratio of 2.28 and a debt-to-equity ratio of 0.03.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Friday, November 9th. The construction company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.18. The company had revenue of $241.53 million during the quarter, compared to analysts’ expectations of $240.53 million. Cavco Industries had a net margin of 8.28% and a return on equity of 15.72%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share.

In related news, insider Charles E. Lott sold 2,000 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $244.60, for a total transaction of $489,200.00. Following the completion of the transaction, the insider now owns 4,505 shares in the company, valued at $1,101,923. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.46% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in Cavco Industries by 174.8% during the second quarter. Acadian Asset Management LLC now owns 599 shares of the construction company’s stock worth $124,000 after purchasing an additional 381 shares during the last quarter. Fiera Capital Corp acquired a new position in Cavco Industries during the second quarter worth $208,000. Janney Montgomery Scott LLC acquired a new position in Cavco Industries during the second quarter worth $216,000. Janus Henderson Group PLC acquired a new position in Cavco Industries during the third quarter worth $283,000. Finally, Capital Fund Management S.A. acquired a new position in Cavco Industries during the second quarter worth $291,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

See Also: Earnings Per Share

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