Cavco Industries, Inc. (NASDAQ:CVCO – Get Free Report) SVP Steven K. Like sold 3,530 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $281.37, for a total value of $993,236.10. Following the transaction, the senior vice president now directly owns 1,403 shares in the company, valued at approximately $394,762.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cavco Industries Stock Up 1.4 %
Shares of CVCO stock traded up $4.02 on Monday, hitting $286.85. The stock had a trading volume of 19,805 shares, compared to its average volume of 63,286. Cavco Industries, Inc. has a one year low of $203.30 and a one year high of $318.00. The business has a 50 day moving average price of $264.34 and a 200 day moving average price of $276.56. The company has a market cap of $2.39 billion, a PE ratio of 12.80 and a beta of 1.18.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Wedbush restated an “outperform” rating and issued a $390.00 price target on shares of Cavco Industries in a report on Friday, November 3rd. StockNews.com assumed coverage on Cavco Industries in a report on Thursday, October 5th. They issued a “hold” rating for the company.
Institutional Investors Weigh In On Cavco Industries
Large investors have recently modified their holdings of the business. American Century Companies Inc. increased its holdings in Cavco Industries by 565.7% during the first quarter. American Century Companies Inc. now owns 145,489 shares of the construction company’s stock valued at $46,228,000 after buying an additional 123,635 shares during the period. Norges Bank bought a new position in shares of Cavco Industries in the 4th quarter worth $19,596,000. William Blair Investment Management LLC purchased a new stake in shares of Cavco Industries during the 1st quarter worth $13,855,000. Envestnet Asset Management Inc. boosted its position in Cavco Industries by 165.4% during the first quarter. Envestnet Asset Management Inc. now owns 62,638 shares of the construction company’s stock valued at $7,182,000 after purchasing an additional 39,036 shares in the last quarter. Finally, SG Capital Management LLC grew its stake in Cavco Industries by 495.4% in the first quarter. SG Capital Management LLC now owns 44,985 shares of the construction company’s stock valued at $14,294,000 after purchasing an additional 37,429 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.
About Cavco Industries
Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.
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