William C. Boor Sells 3,000 Shares of Cavco Industries, Inc. (CVCO) Stock

Cavco Industries, Inc. (NASDAQ:CVCO) Director William C. Boor sold 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $143.62, for a total transaction of $430,860.00. Following the completion of the sale, the director now directly owns 6,397 shares of the company’s stock, valued at approximately $918,737.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Cavco Industries, Inc. (CVCO) opened at $145.20 on Friday. Cavco Industries, Inc. has a 1 year low of $93.65 and a 1 year high of $157.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25. The firm has a market cap of $1,310.81, a P/E ratio of 32.34 and a beta of 1.60.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.13). Cavco Industries had a return on equity of 10.30% and a net margin of 5.09%. The company had revenue of $200.50 million for the quarter, compared to analyst estimates of $190.87 million. During the same period in the previous year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Cavco Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th.

Hedge funds have recently added to or reduced their stakes in the company. Robotti Robert grew its position in shares of Cavco Industries by 15.0% during the second quarter. Robotti Robert now owns 172,723 shares of the construction company’s stock worth $18,643,000 after buying an additional 22,563 shares in the last quarter. Capital Fund Management S.A. acquired a new position in Cavco Industries in the second quarter worth $480,000. Texas Permanent School Fund boosted its holdings in Cavco Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock worth $800,000 after purchasing an additional 51 shares during the period. Cadence Capital Management LLC boosted its holdings in Cavco Industries by 5.1% in the third quarter. Cadence Capital Management LLC now owns 15,775 shares of the construction company’s stock worth $2,328,000 after purchasing an additional 767 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in Cavco Industries by 129.8% in the second quarter. Prudential Financial Inc. now owns 39,684 shares of the construction company’s stock worth $5,145,000 after purchasing an additional 22,413 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

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About Cavco Industries

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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