Cavco Industries (NASDAQ:CVCO) Stock Rating Upgraded by StockNews.com

Cavco Industries (NASDAQ:CVCO) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Other equities analysts have also recently issued reports about the company. Craig Hallum raised their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wedbush restated a “neutral” rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday.

Cavco Industries Price Performance

CVCO opened at $515.86 on Monday. Cavco Industries has a 12-month low of $331.08 and a 12-month high of $544.08. The stock has a market capitalization of $4.18 billion, a PE ratio of 25.39 and a beta of 1.35. The firm’s fifty day moving average price is $473.42 and its 200 day moving average price is $439.89.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Cavco Industries will post 18 earnings per share for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the sale, the director now owns 2,836 shares of the company’s stock, valued at $1,337,741.20. The trade was a 20.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julia Sze sold 125 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $503.31, for a total value of $62,913.75. Following the transaction, the director now owns 2,736 shares of the company’s stock, valued at $1,377,056.16. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,850 shares of company stock worth $889,417. 1.60% of the stock is owned by insiders.

Institutional Trading of Cavco Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in shares of Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after acquiring an additional 5,620 shares during the period. Blue Trust Inc. boosted its stake in Cavco Industries by 90.0% during the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after purchasing an additional 90 shares in the last quarter. Cerity Partners LLC increased its position in shares of Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock valued at $20,091,000 after purchasing an additional 22,451 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Cavco Industries by 390.5% in 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 period. Finally, Barclays PLC raised its position in Cavco Industries by 162.0% in the third quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock worth $7,381,000 after acquiring an additional 10,656 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

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.