Cavco Industries (NASDAQ:CVCO) EVP Allison Aden Sells 1,473 Shares of Stock

Cavco Industries, Inc. (NASDAQ:CVCO) EVP Allison Aden sold 1,473 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $625.00, for a total value of $920,625.00. Following the completion of the transaction, the executive vice president owned 9,147 shares of the company’s stock, valued at approximately $5,716,875. This represents a 13.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Allison Aden also recently made the following trade(s):

• On Friday, June 12th, Allison Aden sold 1,208 shares of Cavco Industries stock. The stock was sold at an average price of $600.00, for a total value of $724,800.00.
• On Friday, May 15th, Allison Aden sold 129 shares of Cavco Industries stock. The stock was sold at an average price of $455.76, for a total transaction of $58,793.04.

Cavco Industries Trading Down 0.7%

Shares of CVCO opened at $613.83 on Tuesday. The stock has a market cap of $4.73 billion, a P/E ratio of 25.61 and a beta of 1.30. The company has a 50-day moving average of $538.18 and a two-hundred day moving average of $556.47. Cavco Industries, Inc. has a 12-month low of $397.38 and a 12-month high of $713.01.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.30 by $0.12. The company had revenue of $550.13 million for the quarter, compared to the consensus estimate of $571.06 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. As a group, analysts forecast that Cavco Industries, Inc. will post 25 EPS for the current fiscal year.

Hedge Funds Weigh In On Cavco Industries

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cavco Industries by 852,093.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,128 shares of the construction company’s stock worth $1,062,226,000 after purchasing an additional 1,797,917 shares during the period. Boston Partners lifted its position in shares of Cavco Industries by 82.8% in the 3rd quarter. Boston Partners now owns 369,177 shares of the construction company’s stock worth $213,866,000 after buying an additional 167,230 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Cavco Industries by 53.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 213,572 shares of the construction company’s stock valued at $126,166,000 after buying an additional 74,542 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Cavco Industries by 122.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 74,155 shares of the construction company’s stock valued at $43,806,000 after buying an additional 40,832 shares during the period. Finally, Bamco Inc. NY bought a new stake in shares of Cavco Industries during the 4th quarter valued at about $21,903,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cavco Industries in a report on Tuesday, May 26th. Zacks Research raised Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, UBS Group started coverage on Cavco Industries in a research report on Friday, June 5th. They issued a “buy” rating and a $700.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $625.00.

About Cavco Industries

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.