Cavco Industries, Inc. (NASDAQ:CVCO) SVP Steven K. Like Sells 3,530 Shares

Cavco Industries, Inc. (NASDAQ:CVCO) SVP Steven K. Like sold 3,530 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $281.37, for a total transaction of $993,236.10. Following the completion of the transaction, the senior vice president now owns 1,403 shares of the company’s stock, valued at $394,762.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Cavco Industries Stock Performance

CVCO stock opened at $286.85 on Tuesday. The company has a market capitalization of $2.39 billion, a PE ratio of 12.98 and a beta of 1.18. Cavco Industries, Inc. has a one year low of $203.30 and a one year high of $318.00. The company’s 50 day moving average price is $264.63 and its two-hundred day moving average price is $276.52.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Cavco Industries by 0.3% during the second quarter. BlackRock Inc. now owns 1,320,455 shares of the construction company’s stock worth $389,534,000 after acquiring an additional 4,023 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cavco Industries by 4.6% during the first quarter. Vanguard Group Inc. now owns 789,464 shares of the construction company’s stock worth $190,142,000 after acquiring an additional 34,461 shares in the last quarter. Capital World Investors raised its stake in shares of Cavco Industries by 3.2% during the second quarter. Capital World Investors now owns 588,800 shares of the construction company’s stock worth $173,696,000 after acquiring an additional 18,200 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cavco Industries by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 406,039 shares of the construction company’s stock worth $119,782,000 after purchasing an additional 6,936 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Cavco Industries by 3.3% in the second quarter. State Street Corp now owns 334,238 shares of the construction company’s stock worth $98,600,000 after purchasing an additional 10,653 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CVCO has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Cavco Industries in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Wedbush reaffirmed an “outperform” rating and issued a $390.00 target price on shares of Cavco Industries in a research note on Friday, November 3rd.

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.