Amundi grew its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 181.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,089 shares of the construction company's stock after acquiring an additional 2,636 shares during the quarter. Amundi owned 0.05% of Cavco Industries worth $1,817,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Cavco Industries in the 4th quarter valued at approximately $5,376,000. Charles Schwab Investment Management Inc. lifted its position in shares of Cavco Industries by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company's stock worth $49,521,000 after purchasing an additional 1,524 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company's stock worth $30,614,000 after purchasing an additional 5,620 shares during the last quarter. Cerity Partners LLC grew its position in Cavco Industries by 91.8% in the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company's stock valued at $20,091,000 after purchasing an additional 22,451 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Cavco Industries by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company's stock valued at $18,797,000 after buying an additional 790 shares during the last quarter. 95.56% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Cavco Industries news, insider Matthew A. Nino sold 894 shares of Cavco Industries stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the transaction, the insider now directly owns 771 shares of the company's stock, valued at $407,882.13. The trade was a 53.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Blount sold 2,000 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the sale, the director now directly owns 2,836 shares in the company, valued at approximately $1,438,362.48. This trade represents a 41.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,644 shares of company stock worth $4,494,608 in the last 90 days. Company insiders own 1.60% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on CVCO shares. StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Wedbush reaffirmed a "neutral" rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.
Check Out Our Latest Stock Report on Cavco Industries
Cavco Industries Price Performance
NASDAQ CVCO traded down $8.59 during trading on Friday, reaching $512.89. 192,907 shares of the company's stock were exchanged, compared to its average volume of 60,547. The business has a 50 day moving average price of $505.96 and a 200-day moving average price of $469.16. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The stock has a market capitalization of $4.16 billion, a P/E ratio of 25.24 and a beta of 1.34.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.
Cavco Industries Company Profile
(
Free Report)
Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.
Further Reading
Before you consider Cavco Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cavco Industries wasn't on the list.
While Cavco Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
