News articles about Cavco Industries (NASDAQ:CVCO) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cavco Industries earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 44.1820535495316 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of NASDAQ:CVCO traded down $5.60 during midday trading on Friday, hitting $176.90. 52,810 shares of the stock were exchanged, compared to its average volume of 40,298. The company has a market capitalization of $1,649.20, a PE ratio of 37.55 and a beta of 1.37. The company has a quick ratio of 1.86, a current ratio of 2.57 and a debt-to-equity ratio of 0.12. Cavco Industries has a twelve month low of $107.05 and a twelve month high of $183.35.
Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Tuesday, February 6th. The construction company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $1.09. The firm had revenue of $221.40 million during the quarter, compared to the consensus estimate of $213.87 million. Cavco Industries had a net margin of 6.08% and a return on equity of 10.84%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 EPS.
Separately, BidaskClub downgraded Cavco Industries from a “hold” rating to a “sell” rating in a report on Thursday, December 14th.
In other news, CEO Joseph H. Stegmayer sold 6,112 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $173.83, for a total transaction of $1,062,448.96. Following the completion of the sale, the chief executive officer now owns 520,525 shares in the company, valued at approximately $90,482,860.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph H. Stegmayer sold 7,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $172.46, for a total value of $1,207,220.00. Following the sale, the chief executive officer now owns 520,525 shares of the company’s stock, valued at approximately $89,769,741.50. The disclosure for this sale can be found here. 8.44% of the stock is owned by insiders.
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About Cavco Industries
Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. The company operates in two segments, Factory-Built Housing and Financial Services. It markets its manufactured homes under the brand names of Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Homes.
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