Matthew Nino, President, Retail of Cavco Industries Inc, executed a sale of 2,357 shares in the company on February 9, 2024, according to a recent SEC Filing. The transaction was carried out at an average price of $360 per share, resulting in a total value of $848,520.
Cavco Industries Inc, listed under the ticker CVCO, is a company that specializes in the design, production, and retail of manufactured homes. The company also provides a range of insurance and financing products to its customers. With a diverse portfolio of products and services, Cavco Industries Inc caters to a broad customer base across the United States.
Over the past year, the insider has sold a total of 2,357 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the last year, where there have been no insider buys and five insider sells for Cavco Industries Inc.
On the valuation front, Cavco Industries Inc's shares were trading at $360 on the day of the insider's transaction, giving the company a market capitalization of $3.116 billion. The price-earnings ratio stands at 18.94, which is above the industry median of 10.195 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.17, with a GF Value of $308.44, indicating that Cavco Industries Inc is considered modestly overvalued according to GuruFocus's valuation model. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on its stock's value and future prospects. The recent sale by President, Retail Matthew Nino may attract attention from the market as stakeholders evaluate the implications of this insider activity.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
