New insider activity at Cavco Industries ( (CVCO) ) has taken place on February 7, 2025.
Director Susan Blount has recently sold 2,000 shares of Cavco Industries stock, amounting to a total sale value of $1,014,350. Additionally, Matthew A. Nino, the President of Retail, has sold 894 shares for a total of $472,952.
Recent Updates on CVCO stock
In recent developments, Cavco Industries has seen a positive shift in its financial metrics, leading to a revision of its stock price target by Wedbush, which raised it from $480 to $550. This adjustment is attributed to the company’s solid Q3 performance, highlighted by a 30% increase in EPS to $6.90 and a 16.8% rise in net revenue, reaching $522 million. The improvements are driven by strong results in the financial services and factory-built housing segments, strategic buybacks, and a robust backlog. Additionally, Zelman initiated coverage with an Outperform rating, setting a price target of $566.75, reflecting optimism in Cavco’s growth trajectory and market adaptability despite some regional challenges and potential policy impacts.
More about Cavco Industries
YTD Price Performance: 21.58%
Average Trading Volume: 60,939
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.28B