Allison Aden Sells 1,473 Shares of Cavco Industries (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) EVP Allison Aden sold 1,473 shares of Cavco Industries stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $625.00, for a total transaction of $920,625.00. Following the sale, the executive vice president directly owned 9,147 shares in the company, valued at $5,716,875. This trade represents a 13.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Allison Aden also recently made the following trade(s):

• On Friday, June 12th, Allison Aden sold 1,208 shares of Cavco Industries stock. The shares were sold at an average price of $600.00, for a total value of $724,800.00.
• On Friday, May 15th, Allison Aden sold 129 shares of Cavco Industries stock. The shares were sold at an average price of $455.76, for a total value of $58,793.04.

Cavco Industries Stock Down 0.1%

Shares of NASDAQ:CVCO opened at $617.52 on Monday. The company has a market cap of $4.76 billion, a PE ratio of 25.76 and a beta of 1.30. Cavco Industries, Inc. has a fifty-two week low of $397.38 and a fifty-two week high of $713.01. The company’s 50-day moving average price is $535.96 and its 200 day moving average price is $556.16.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share for the quarter, topping analysts’ consensus estimates of $5.30 by $0.12. The company had revenue of $550.13 million during the quarter, compared to analyst estimates of $571.06 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. As a group, equities analysts anticipate that Cavco Industries, Inc. will post 25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVCO. Aster Capital Management DIFC Ltd bought a new position in shares of Cavco Industries during the fourth quarter worth about $46,000. Kemnay Advisory Services Inc. acquired a new position in Cavco Industries in the 4th quarter valued at $50,000. Los Angeles Capital Management LLC bought a new position in shares of Cavco Industries during the fourth quarter worth approximately $54,000. Osaic Holdings Inc. increased its position in shares of Cavco Industries by 118.2% in the second quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock worth $57,000 after purchasing an additional 65 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Cavco Industries in the 3rd quarter valued at approximately $58,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVCO has been the topic of a number of recent research reports. UBS Group began coverage on Cavco Industries in a research note on Friday, June 5th. They issued a “buy” rating and a $700.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Cavco Industries in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Cavco Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $625.00.

Cavco Industries Company Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.