JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
David A. Greenblatt, a director at Cavco Industries Inc. (NASDAQ:CVCO), recently executed a significant sale of company stock. On March 5, Greenblatt sold 4,000 shares of Cavco Industries at an average price of $528.88 per share, totaling approximately $2.1 million. The transaction comes as Cavco, with a market capitalization of $4.1 billion, trades near its 52-week high of $544.08, reflecting the company’s strong financial health score of "GOOD" according to InvestingPro analysis. This transaction was part of a pre-established Rule 10b5-1 trading plan, which was adopted on December 4, 2024, and marks the completion of this plan.
In addition to the sale, Greenblatt also exercised options to acquire 4,000 shares at a price of $201.80 per share on the same day. Following these transactions, Greenblatt’s direct ownership in Cavco Industries now stands at 15,286 shares.
In other recent news, Cavco Industries Inc. reported impressive financial results for the third quarter of fiscal year 2025, surpassing analysts’ expectations. The company’s earnings per share (EPS) reached $6.96, significantly above the forecasted $4.89, while revenue totaled $522 million, exceeding the anticipated $480.15 million. This marks a 16.8% increase in revenue year-over-year, highlighting Cavco’s strong market performance. The company also reported a pre-tax profit of $69.3 million, up 57.9% from the previous year, and gross margins improved by 180 basis points to 24.9%. Cavco’s strategic focus on digital marketing and energy-efficient home production contributed to its success, with factory utilization improving to 75% from 60% a year ago. The company repurchased $42.4 million in common shares, indicating a robust capital allocation strategy. CEO Bill Boor expressed optimism about future market conditions, mentioning plans for capacity expansion and strategic mergers and acquisitions. The company remains vigilant about potential challenges, including supply chain disruptions and macroeconomic pressures.
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