2 weeks Ago By Defense World Staff
Cavco Industries, Inc. ( NASDAQ:CVCO – Get Free Report ) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 186,700 shares, a decline of 10.
8% from the August 31st total of 209,400 shares. Based on an average daily volume of 69,500 shares, the days-to-cover ratio is presently 2.7 days.
Approximately 2.4% of the shares of the stock are sold short. Cavco Industries Trading Up 1.
3 % CVCO stock opened at $431.82 on Friday. The stock has a market cap of $3.
57 billion, a PE ratio of 23.53 and a beta of 1.24.
Cavco Industries has a 12 month low of $233.84 and a 12 month high of $444.90.
The company has a 50-day moving average price of $402.76 and a 200 day moving average price of $379.07.
Cavco Industries ( NASDAQ:CVCO – Get Free Report ) last announced its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.
97 by ($0.86). Cavco Industries had a net margin of 8.
12% and a return on equity of 14.23%. The business had revenue of $477.
60 million for the quarter, compared to analysts’ expectations of $487.80 million. During the same quarter last year, the firm earned $5.
29 EPS. Sell-side analysts forecast that Cavco Industries will post 17.35 EPS for the current year.
Analysts Set New Price Targets Check Out Our Latest Analysis on CVCO Insiders Place Their Bets In related news, CAO Paul Bigbee sold 88 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.
20. Following the completion of the transaction, the chief accounting officer now directly owns 1,081 shares of the company’s stock, valued at $433,913.40.
The sale was disclosed in a filing with the SEC, which is available through this link . In related news, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $401.
40, for a total value of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.
40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, SVP Steven K.
Like sold 575 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total transaction of $210,806.
50. Following the sale, the senior vice president now directly owns 1,255 shares in the company, valued at approximately $460,108.10.
The disclosure for this sale can be found here . Insiders have sold a total of 4,663 shares of company stock worth $1,882,930 in the last 90 days. 1.
60% of the stock is currently owned by corporate insiders. Hedge Funds Weigh In On Cavco Industries Hedge funds have recently bought and sold shares of the business. Verus Capital Partners LLC boosted its stake in shares of Cavco Industries by 4.
5% during the second quarter. Verus Capital Partners LLC now owns 653 shares of the construction company’s stock valued at $226,000 after purchasing an additional 28 shares during the period. Anchor Capital Advisors LLC boosted its position in Cavco Industries by 0.
7% in the 1st quarter. Anchor Capital Advisors LLC now owns 4,951 shares of the construction company’s stock valued at $1,976,000 after buying an additional 32 shares during the period. Arizona State Retirement System grew its stake in Cavco Industries by 1.
9% in the 2nd quarter. Arizona State Retirement System now owns 2,103 shares of the construction company’s stock worth $728,000 after acquiring an additional 39 shares in the last quarter. Seven Eight Capital LP grew its stake in Cavco Industries by 3.
8% in the 4th quarter. Seven Eight Capital LP now owns 1,399 shares of the construction company’s stock worth $485,000 after acquiring an additional 51 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Cavco Industries by 3.
3% during the first quarter. ProShare Advisors LLC now owns 1,676 shares of the construction company’s stock worth $669,000 after acquiring an additional 54 shares during the period. Institutional investors own 95.
56% of the company’s stock. Cavco Industries Company Profile ( Get Free Report ) 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. Recommended Stories Five stocks we like better than Cavco Industries What is a SEC Filing? CarMax’s Impressive Rally: What Investors Should Watch Next What is a Bond Market Holiday? How to Invest and Trade MarketBeat Week in Review – 9/23 – 9/27 ETF Screener: Uses and Step-by-Step Guide Wake Up to This Biotech Stock That Still Has Big Potential Upside Receive News & Ratings for Cavco Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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