Cavco Industries Inc (CVCO): William C Boor , director of Cavco Industries Inc sold 2,500 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $86.81 per share for a total value of $217,026.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Joseph H Stegmayer (Chairman, CEO & President) sold 20,000 shares at $89.92 per share price.On Nov 10, 2015, Charles E Lott (President, Fleetwood Homes) sold 1,516 shares at $95.25 per share price.Also, On Jun 9, 2015, William C Boor (director) sold 2,225 shares at $74.89 per share price.
Cavco Industries: On Wednesday, May 4, 2016 heightened volatility was witnessed in Cavco Industries which led to swings in the share price. The shares opened for trading at $85.57 and hit $87.28 on the upside , eventually ending the session at $86.72, with a gain of 0.48% or 0.41 points. The heightened volatility saw the trading volume jump to 47,145 shares. The 52-week high of the share price is $106.55 and the company has a market cap of $773 M . The 52-week low of the share price is at $65.185.
Company has been under the radar of several Street Analysts.Cavco Industries is Initiated by Sidoti to Buy and the brokerage firm has set the Price Target at $116. The Rating was issued on Feb 12, 2016.
Cavco Industries Inc. (Cavco) is a producer of manufactured homes in the United States. The Company designs and produces factory-built homes primarily distributed through a network of independent and Company-owned retailers planned community operators and residential developers. The Company is a builder of park model homes vacation cabins and systems-built commercial structures as well as modular homes. The Company operates principally in two segments: factory-built housing which includes wholesale and retail systems-built housing operations and financial services which include manufactured housing consumer finance and insurance. The Company distributed its homes through approximately 47 Company-owned retail outlets and a network of independent distribution points in 44 states Canada Mexico and Japan.