Matthew A. Nino Sells 894 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) insider Matthew A. Nino sold 894 shares of Cavco Industries stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total transaction of $472,952.82. Following the transaction, the insider now directly owns 771 shares of the company’s stock, valued at $407,882.13. This represents a 53.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cavco Industries Trading Down 1.6 %

NASDAQ:CVCO opened at $528.60 on Friday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 26.01 and a beta of 1.35. The firm has a fifty day simple moving average of $474.10 and a two-hundred day simple moving average of $442.08. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.25%. Equities analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CVCO has been the subject of a number of analyst reports. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Craig Hallum raised their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Wedbush restated a “neutral” rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVCO. Farther Finance Advisors LLC grew its holdings in shares of Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of Cavco Industries during the third quarter valued at about $64,000. Smartleaf Asset Management LLC grew its holdings in shares of Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock valued at $72,000 after buying an additional 128 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after buying an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Cavco Industries by 30.2% during the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after buying an additional 64 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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.