Cavco Industries, Inc. (NASDAQ:CVCO) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Zacks has also assigned Cavco Industries an industry rank of 44 out of 265 based on the ratings given to related companies.

Separately, BidaskClub lowered Cavco Industries from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th.

Cavco Industries (NASDAQ:CVCO) traded up $0.60 during trading hours on Thursday, hitting $169.05. The company’s stock had a trading volume of 47,400 shares, compared to its average volume of 48,816. The firm has a market cap of $1,527.66, a price-to-earnings ratio of 30.90 and a beta of 1.55. Cavco Industries has a 52-week low of $107.05 and a 52-week high of $171.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.57 and a quick ratio of 1.86.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $2.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $1.09. The firm had revenue of $221.40 million for the quarter, compared to analyst estimates of $213.87 million. Cavco Industries had a return on equity of 10.84% and a net margin of 6.08%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS.

In related news, Director Jack Hanna sold 2,464 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $147.96, for a total transaction of $364,573.44. Following the transaction, the director now directly owns 2,281 shares of the company’s stock, valued at approximately $337,496.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William C. Boor sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $143.62, for a total value of $430,860.00. Following the transaction, the director now directly owns 6,397 shares in the company, valued at $918,737.14. The disclosure for this sale can be found here. 8.44% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of CVCO. Alliancebernstein L.P. increased its holdings in shares of Cavco Industries by 8.3% during the 2nd quarter. Alliancebernstein L.P. now owns 11,800 shares of the construction company’s stock worth $1,530,000 after acquiring an additional 900 shares during the last quarter. Teachers Advisors LLC boosted its stake in Cavco Industries by 29.2% in the 2nd quarter. Teachers Advisors LLC now owns 20,261 shares of the construction company’s stock valued at $2,627,000 after purchasing an additional 4,578 shares during the period. Nationwide Fund Advisors boosted its stake in Cavco Industries by 60.1% in the 2nd quarter. Nationwide Fund Advisors now owns 11,361 shares of the construction company’s stock valued at $1,473,000 after purchasing an additional 4,267 shares during the period. Northern Trust Corp boosted its stake in Cavco Industries by 4.7% in the 2nd quarter. Northern Trust Corp now owns 116,959 shares of the construction company’s stock valued at $15,164,000 after purchasing an additional 5,206 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Cavco Industries by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 458,778 shares of the construction company’s stock valued at $59,481,000 after purchasing an additional 16,893 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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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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