Intech Investment Management LLC Buys 1,986 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Intech Investment Management LLC increased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 91.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,160 shares of the construction company's stock after acquiring an additional 1,986 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Cavco Industries worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Cavco Industries by 6.1% in the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company's stock worth $96,107,000 after buying an additional 12,822 shares in the last quarter. Boston Trust Walden Corp increased its stake in Cavco Industries by 0.3% in the 4th quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock worth $86,522,000 after acquiring an additional 614 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Cavco Industries by 1.0% during the 4th quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company's stock valued at $84,210,000 after acquiring an additional 1,931 shares during the last quarter. FMR LLC grew its holdings in shares of Cavco Industries by 7.0% during the third quarter. FMR LLC now owns 135,444 shares of the construction company's stock worth $58,002,000 after purchasing an additional 8,829 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 during the last quarter. 95.56% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of 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 objective (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Insider Activity at Cavco Industries

In other Cavco Industries news, insider Jack S. Brandom sold 1,000 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $538.00, for a total transaction of $538,000.00. Following the completion of the sale, the insider now directly owns 1,176 shares in the company, valued at $632,688. This represents a 45.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of the transaction, the director now owns 2,836 shares in the company, valued at approximately $1,337,741.20. This represents a 20.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,644 shares of company stock valued at $4,494,608. Insiders own 1.60% of the company's stock.

Cavco Industries Stock Up 1.6 %

Shares of Cavco Industries stock traded up $8.16 during trading on Tuesday, hitting $530.64. 63,866 shares of the stock traded hands, compared to its average volume of 60,544. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 26.11 and a beta of 1.34. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The firm's fifty day moving average is $509.23 and its 200-day moving average is $471.74.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating 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 fiscal 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.