News stories about Cavco Industries (NASDAQ:CVCO) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cavco Industries earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.3736983718982 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, BidaskClub cut Cavco Industries from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th.
Cavco Industries (CVCO) opened at $162.75 on Wednesday. Cavco Industries has a 52 week low of $93.65 and a 52 week high of $169.75. The stock has a market capitalization of $1,480.00, a P/E ratio of 36.17 and a beta of 1.60. The company has a quick ratio of 1.66, a current ratio of 2.25 and a debt-to-equity ratio of 0.13.
In related news, Director Jack Hanna sold 2,464 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $147.96, for a total value of $364,573.44. Following the transaction, the director now owns 2,281 shares of the company’s stock, valued at $337,496.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $146.50, for a total value of $586,000.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $586,000. The disclosure for this sale can be found here. In the last three months, insiders sold 9,464 shares of company stock worth $1,381,433. 8.44% of the stock is owned by 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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