Cavco Industries, Inc. (NASDAQ:CVCO) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Zacks has also given Cavco Industries an industry rank of 2 out of 265 based on the ratings given to related companies.

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

Shares of Cavco Industries (NASDAQ CVCO) opened at $164.20 on Friday. The stock has a market cap of $1,510.00, a PE ratio of 36.49 and a beta of 1.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.25 and a quick ratio of 1.66. Cavco Industries has a 12 month low of $93.65 and a 12 month high of $169.75.

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

In other news, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $146.50, for a total value of $586,000.00. Following the sale, the director now owns 4,000 shares in the company, valued at approximately $586,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William C. Boor sold 3,000 shares of the company’s stock in a transaction dated 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 owns 6,397 shares in the company, valued at approximately $918,737.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,464 shares of company stock worth $1,381,433. Company insiders own 8.44% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc acquired a new stake in Cavco Industries during the third quarter worth about $218,000. Piedmont Investment Advisors LLC acquired a new stake in Cavco Industries during the second quarter worth about $237,000. Crossmark Global Holdings Inc. acquired a new stake in Cavco Industries during the third quarter worth about $273,000. Cubist Systematic Strategies LLC acquired a new stake in Cavco Industries during the second quarter worth about $271,000. Finally, Suntrust Banks Inc. raised its stake in Cavco Industries by 11.2% during the second quarter. Suntrust Banks Inc. now owns 2,236 shares of the construction company’s stock worth $288,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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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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