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Insider Trading at Cavco Industries

Cavco-Wedge  cabin  rvdailyreport comIn insider trading, Chales E. Lott, president of Fleetwood Homes, a division of Cavco, Industries (CVCO), sold 1,516 shares of company stock at an average price of $95.25 per share for a transaction valued at $144,399.00. He currently owns 2,000 shares of the company with a value of $190,500, according to what putnamstandard tells MHProNews.

Additionally, Cavco CEO Joseph H. Stegmayer sold 20,000 shares of the stock at an average of $92.86 for a total transaction valued at $1,857,200. He now owns 522,248 shares of the stock with a value of $48,495,949.28.

In its last quarterly report released at the end of Oct., Cavco beat analysts’ earnings per share (EPS) estimate by $0.14 and their revenue estimate by $20 million. Revenue ws up 37.8 percent on a year-over-year basis. The company has a market cap of $756.58 million and a P/E ratio of 29.51.

Cavco is one of the largest producers of manufactured homes in the U. S. ##

(Photo credit: rvdailyreport-Cavco wedge cabin)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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