Press coverage about Cavco Industries (NASDAQ:CVCO) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cavco Industries earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.8485782735151 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Separately, BidaskClub raised shares of Cavco Industries from a “sell” rating to a “hold” rating in a report on Friday, December 22nd.
Cavco Industries (CVCO) traded up $2.25 on Friday, reaching $163.25. 25,844 shares of the company’s stock traded hands, compared to its average volume of 40,216. The company has a quick ratio of 1.66, a current ratio of 2.25 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1,470.00, a PE ratio of 36.28 and a beta of 1.60. Cavco Industries has a 52-week low of $93.65 and a 52-week high of $169.75.
Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.13). Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The company had revenue of $200.50 million during the quarter, compared to analyst estimates of $190.87 million. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s revenue was up 6.5% compared to the same quarter last year.
In related news, Director Jack Hanna sold 2,464 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $147.96, for a total transaction of $364,573.44. Following the completion of the transaction, the director now owns 2,281 shares in the company, valued at $337,496.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $146.50, for a total transaction of $586,000.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $586,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,464 shares of company stock valued at $1,381,433. 8.44% of the stock is owned by corporate insiders.
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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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