Cavco Industries, Inc. (NASDAQ:CVCO) traded up 5.5% on Wednesday . The stock traded as high as $201.53 and last traded at $201.07, 143,591 shares changed hands during trading. An increase of 41% from the average session volume of 102,046 shares. The stock had previously closed at $190.60.
A number of analysts have weighed in on CVCO shares. Craig Hallum boosted their price target on Cavco Industries from $153.00 to $173.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. BidaskClub raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.
The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 25.20 and a beta of 1.60. The company has a current ratio of 2.73, a quick ratio of 2.06 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $179.99 and a two-hundred day moving average of $147.87.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc bought a new position in Cavco Industries in the 2nd quarter worth $29,000. Acadian Asset Management LLC acquired a new position in Cavco Industries during the 2nd quarter worth $64,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Cavco Industries by 13.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 719 shares of the construction company’s stock valued at $113,000 after acquiring an additional 85 shares during the period. Flinton Capital Management LLC boosted its holdings in Cavco Industries by 42.4% during the second quarter. Flinton Capital Management LLC now owns 752 shares of the construction company’s stock valued at $118,000 after acquiring an additional 224 shares during the period. Finally, Riverhead Capital Management LLC grew its position in shares of Cavco Industries by 33.3% in the second quarter. Riverhead Capital Management LLC now owns 800 shares of the construction company’s stock valued at $126,000 after purchasing an additional 200 shares during the last quarter. 92.97% of the stock is owned by institutional investors and hedge funds.
About Cavco Industries (NASDAQ:CVCO)
Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.
Further Reading: Percentage Gainers
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