Charles Schwab Investment Management Inc. Increases Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,453 shares of the construction company's stock after purchasing an additional 5,935 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.35% of Cavco Industries worth $46,872,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Trust Walden Corp lifted its position in shares of Cavco Industries by 0.8% in the second quarter. Boston Trust Walden Corp now owns 196,046 shares of the construction company's stock valued at $67,865,000 after acquiring an additional 1,541 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in 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 acquiring an additional 57,278 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Cavco Industries by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 57,986 shares of the construction company's stock worth $24,832,000 after acquiring an additional 800 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Cavco Industries by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 34,448 shares of the construction company's stock worth $11,925,000 after acquiring an additional 331 shares during the last quarter. Finally, AYAL Capital Advisors Ltd increased its stake in Cavco Industries by 61.4% during the second quarter. AYAL Capital Advisors Ltd now owns 29,861 shares of the construction company's stock worth $10,337,000 after acquiring an additional 11,361 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Craig Hallum lifted their target price on Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Wedbush lifted their price target on Cavco Industries from $425.00 to $455.00 and gave the stock an "outperform" rating in a report on Friday, October 11th.

Cavco Industries Trading Up 1.0 %

Shares of Cavco Industries stock traded up $4.93 on Monday, hitting $519.43. The stock had a trading volume of 38,978 shares, compared to its average volume of 64,356. Cavco Industries, Inc. has a 52-week low of $288.57 and a 52-week high of $544.08. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 29.36 and a beta of 1.24. The company's 50 day moving average price is $451.18 and its 200 day moving average price is $404.09.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The business had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. During the same period in the previous year, the business earned $4.76 EPS. Analysts predict that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Insider Activity at Cavco Industries

In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the transaction, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. The trade was a 37.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Paul Bigbee sold 88 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. The trade was a 7.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,313 shares of company stock worth $1,780,681 in the last quarter. Company insiders own 1.60% of the company's stock.

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.