Cavco Industries (CVCO) is Resumed by Sidoti to Neutral

Cavco Industries (CVCO) was Resumed by Sidoti to “Neutral”. Sidoti advised their investors in a research report released on Sep 7, 2016.

On the company’s financial health, Cavco Industries reported $0.60 EPS for the quarter, based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus estimate of $0.60. The company had revenue of $185.10 million for the quarter, compared to analysts expectations of $181.40 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Cavco Industries closed down -0.23 points or -0.22% at $104.34 with 55,258 shares getting traded on Thursday. Post opening the session at $104.92, the shares hit an intraday low of $103 and an intraday high of $104.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 30, 2016, Jack Hanna (director) sold 500 shares at $86.54 per share price. According to the SEC, on Aug 17, 2016, Steven G Bunger (director) sold 11,000 shares at $101.20 per share price. On May 6, 2016, William C Boor (director) sold 2,500 shares at $86.81 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Cavco Industries

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