Boston Trust Walden Corp Boosts Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Boston Trust Walden Corp raised its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,895 shares of the construction company's stock after purchasing an additional 614 shares during the quarter. Boston Trust Walden Corp owned about 2.39% of Cavco Industries worth $86,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Cavco Industries by 6.1% in the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company's stock valued at $96,107,000 after acquiring an additional 12,822 shares during the period. FMR LLC grew its stake in Cavco Industries by 7.0% during the 3rd quarter. FMR LLC now owns 135,444 shares of the construction company's stock valued at $58,002,000 after purchasing an additional 8,829 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cavco Industries by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company's stock valued at $46,872,000 after purchasing an additional 5,935 shares during the period. Fisher Asset Management LLC raised its stake in shares of Cavco Industries by 8.5% in 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. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Cavco Industries by 1,610.3% during the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company's stock worth $26,052,000 after purchasing an additional 57,278 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Julia Sze sold 125 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew A. Nino sold 894 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the sale, the insider now directly owns 771 shares in the company, valued at approximately $407,882.13. The trade was a 53.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,744 shares of company stock valued at $2,376,730. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

CVCO has been the topic of several research reports. Craig Hallum increased their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Wedbush reiterated a "neutral" rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research note on Monday. Finally, StockNews.com upgraded shares of Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday.

Cavco Industries Price Performance

CVCO stock traded up $3.38 during trading on Thursday, hitting $537.22. 62,107 shares of the company traded hands, compared to its average volume of 62,363. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08. The company has a market cap of $4.36 billion, a PE ratio of 26.44 and a beta of 1.35. The stock's 50-day simple moving average is $473.68 and its 200 day simple moving average is $441.41.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 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 16.25%. Research analysts expect that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Cavco Industries Profile

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.