Cavco Industries (CVCO) Given Coverage Optimism Score of 0.14

Media coverage about Cavco Industries (NASDAQ:CVCO) has trended somewhat positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cavco Industries earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.3154714923825 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Cavco Industries (NASDAQ CVCO) opened at $163.25 on Monday. Cavco Industries has a fifty-two week low of $93.65 and a fifty-two week high of $169.75. The company has a quick ratio of 1.66, a current ratio of 2.25 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1,473.76, a P/E ratio of 36.36 and a beta of 1.60.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.13). Cavco Industries had a net margin of 3.08% and a return on equity of 6.07%. The company had revenue of $200.50 million during the quarter, compared to the consensus estimate of $190.87 million. During the same quarter in the prior year, the business earned $1.04 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Separately, BidaskClub lowered Cavco Industries from a “hold” rating to a “sell” rating in a report on Thursday, December 14th.

In related news, Director Jack Hanna sold 2,464 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $147.96, for a total transaction of $364,573.44. Following the completion of the sale, the director now directly owns 2,281 shares of the company’s stock, valued at $337,496.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $146.50, for a total value of $586,000.00. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $586,000. The disclosure for this sale can be found here. Insiders sold 9,464 shares of company stock worth $1,381,433 in the last 90 days. Corporate insiders own 8.44% of the company’s stock.

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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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