David A. Greenblatt Sells 4,000 Shares of Cavco Industries, Inc. (NASDAQ:CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the transaction, the director now directly owns 15,286 shares of the company’s stock, valued at approximately $8,084,459.68. The trade was a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Cavco Industries Stock Down 1.7 %

NASDAQ:CVCO opened at $520.32 on Friday. The company has a market cap of $4.22 billion, a P/E ratio of 25.61 and a beta of 1.34. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The business has a 50 day moving average price of $494.56 and a two-hundred day moving average price of $462.98.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CVCO has been the subject of a number of research reports. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush restated a “neutral” rating and set a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 82 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of Cavco Industries during the third quarter worth about $64,000. Harvest Fund Management Co. Ltd bought a new position in shares of Cavco Industries during the fourth quarter worth about $67,000. Smartleaf Asset Management LLC raised its position 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 worth $72,000 after acquiring an additional 128 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Company Profile

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.