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

Zacks has also assigned Cavco Industries an industry rank of 1 out of 265 based on the ratings given to related companies.

Separately, BidaskClub upgraded Cavco Industries from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd.

In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was 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 in the company, valued at $586,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack Hanna sold 2,464 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 2,281 shares in the company, valued at $337,496.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,464 shares of company stock worth $1,381,433. Insiders own 8.44% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CVCO. Russell Investments Group Ltd. raised its stake 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 valued at $1,121,000 after buying an additional 2,651 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Cavco Industries by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 35,704 shares of the construction company’s stock valued at $4,630,000 after buying an additional 318 shares in the last quarter. Legal & General Group Plc raised its stake in Cavco Industries by 9.9% in the second quarter. Legal & General Group Plc now owns 15,390 shares of the construction company’s stock valued at $1,994,000 after buying an additional 1,381 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Cavco Industries by 56.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,574 shares of the construction company’s stock valued at $334,000 after buying an additional 926 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Cavco Industries by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,517 shares of the construction company’s stock valued at $197,000 after buying an additional 229 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Shares of Cavco Industries (CVCO) opened at $156.85 on Friday. The stock has a market capitalization of $1,386.64, a price-to-earnings ratio of 34.93 and a beta of 1.60. The company has a quick ratio of 1.66, a current ratio of 2.25 and a debt-to-equity ratio of 0.13. Cavco Industries has a 52 week low of $93.65 and a 52 week high of $157.80.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.13). The company had revenue of $200.50 million during the quarter, compared to analyst estimates of $190.87 million. Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 earnings per share.

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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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