Shares of Cavco Industries, Inc. (NASDAQ:CVCO) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Cavco Industries an industry rank of 4 out of 265 based on the ratings given to related companies.

Several research firms recently weighed in on CVCO. Sidoti upgraded Cavco Industries from a “neutral” rating to a “buy” rating in a report on Friday, August 25th. BidaskClub downgraded Cavco Industries from a “hold” rating to a “sell” rating in a report on Monday, August 14th.

Shares of Cavco Industries (CVCO) opened at $151.90 on Tuesday. Cavco Industries has a 52-week low of $93.50 and a 52-week high of $157.80. The firm has a market capitalization of $1,383.03, a price-to-earnings ratio of 34.12 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.67 earnings per share for the quarter, missing the consensus estimate 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 net margin of 5.09% and a return on equity of 10.30%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share.

In other Cavco Industries news, Director David A. Greenblatt sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $136.68, for a total value of $410,040.00. Following the completion of the transaction, the director now directly owns 10,175 shares in the company, valued at $1,390,719. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $146.50, for a total transaction of $586,000.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at $586,000. The disclosure for this sale can be found here. Insiders own 8.44% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CVCO. Vanguard Group Inc. raised its holdings in Cavco Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 441,885 shares of the construction company’s stock worth $51,436,000 after purchasing an additional 23,796 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Cavco Industries by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 35,386 shares of the construction company’s stock worth $4,119,000 after purchasing an additional 1,332 shares in the last quarter. Bank of America Corp DE raised its holdings in Cavco Industries by 103.0% in the first quarter. Bank of America Corp DE now owns 18,147 shares of the construction company’s stock worth $2,112,000 after purchasing an additional 9,208 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Cavco Industries by 44.2% in the second quarter. Russell Investments Group Ltd. now owns 8,646 shares of the construction company’s stock worth $1,121,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Cavco Industries by 40.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 2,660 shares of the construction company’s stock worth $345,000 after purchasing an additional 760 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

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Cavco Industries Company Profile

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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