Cavco Industries, Inc. (NASDAQ:CVCO) Director Jack Hanna sold 2,464 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $147.96, for a total value of $364,573.44. Following the sale, the director now directly owns 2,281 shares of the company’s stock, valued at approximately $337,496.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Cavco Industries, Inc. (CVCO) traded down $2.35 on Tuesday, reaching $150.25. The company’s stock had a trading volume of 73,328 shares, compared to its average volume of 57,200. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25. The company has a market capitalization of $1,377.61, a P/E ratio of 33.46 and a beta of 1.60. Cavco Industries, Inc. has a twelve month low of $93.65 and a twelve month high of $157.80.
Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.13). The firm had revenue of $200.50 million during the quarter, compared to the consensus estimate of $190.87 million. Cavco Industries had a return on equity of 10.30% and a net margin of 5.09%. Cavco Industries’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Robotti Robert raised its holdings in Cavco Industries by 15.0% in the second quarter. Robotti Robert now owns 172,723 shares of the construction company’s stock worth $18,643,000 after purchasing an additional 22,563 shares in the last quarter. Capital Fund Management S.A. bought a new position in Cavco Industries in the second quarter worth $480,000. Texas Permanent School Fund raised its holdings in Cavco Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock worth $800,000 after purchasing an additional 51 shares in the last quarter. Cadence Capital Management LLC raised its holdings in Cavco Industries by 5.1% in the third quarter. Cadence Capital Management LLC now owns 15,775 shares of the construction company’s stock worth $2,328,000 after purchasing an additional 767 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in Cavco Industries by 129.8% in the second quarter. Prudential Financial Inc. now owns 39,684 shares of the construction company’s stock worth $5,145,000 after purchasing an additional 22,413 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Separately, BidaskClub upgraded Cavco Industries from a “sell” rating to a “hold” rating in a report on Friday, December 22nd.
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About Cavco Industries
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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