Cavco Industries (NASDAQ:CVCO - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.
Separately, Wedbush reiterated a "neutral" rating and issued a $550.00 price objective on shares of Cavco Industries in a report on Tuesday, May 27th.
Get Our Latest Report on CVCO
Cavco Industries Stock Down 0.5%
NASDAQ CVCO traded down $2.13 on Friday, hitting $457.28. The stock had a trading volume of 110,376 shares, compared to its average volume of 80,510. Cavco Industries has a one year low of $331.08 and a one year high of $549.99. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 22.03 and a beta of 1.15. The company's 50-day moving average is $461.54 and its two-hundred day moving average is $480.84.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.23 by $0.17. The business had revenue of $508.36 million during the quarter, compared to analysts' expectations of $504.15 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.00%. On average, sell-side analysts anticipate that Cavco Industries will post 21.93 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new position in shares of Cavco Industries in the fourth quarter valued at approximately $67,000. CWM LLC increased its holdings in shares of Cavco Industries by 44.0% in the first quarter. CWM LLC now owns 157 shares of the construction company's stock valued at $82,000 after buying an additional 48 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Cavco Industries by 387.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock valued at $72,000 after acquiring an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Cavco Industries by 2,850.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 177 shares of the construction company's stock worth $92,000 after acquiring an additional 171 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Cavco Industries during the 1st quarter worth $112,000. 95.56% of the stock is currently owned by institutional investors.
Cavco Industries Company Profile
(
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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.
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