Media stories about Cavco Industries (NASDAQ:CVCO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. 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 0.22 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.370301441305 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of NASDAQ:CVCO opened at $170.25 on Friday. The firm has a market capitalization of $1,622.09, a P/E ratio of 36.93 and a beta of 1.37. Cavco Industries has a 1 year low of $107.05 and a 1 year high of $183.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.57 and a quick ratio of 1.86.
Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $2.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $1.09. The firm had revenue of $221.40 million during the quarter, compared to analysts’ expectations of $213.87 million. Cavco Industries had a net margin of 6.08% and a return on equity of 10.84%. Cavco Industries’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share.
Separately, BidaskClub raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Friday, April 6th.
In related news, CEO Joseph H. Stegmayer sold 6,112 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $173.83, for a total value of $1,062,448.96. Following the completion of the sale, the chief executive officer now directly owns 520,525 shares in the company, valued at $90,482,860.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph H. Stegmayer sold 7,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $172.46, for a total transaction of $1,207,220.00. Following the completion of the sale, the chief executive officer now owns 520,525 shares of the company’s stock, valued at $89,769,741.50. The disclosure for this sale can be found here. Corporate insiders own 8.44% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Cavco Industries (CVCO) Stock Price” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://ledgergazette.com/2018/04/20/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-cavco-industries-cvco-stock-price.html.
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.
Receive News & Ratings for Cavco Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries and related companies with MarketBeat.com's FREE daily email newsletter.