Allspring Global Investments Holdings LLC Sells 4,542 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Allspring Global Investments Holdings LLC decreased its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 37.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,624 shares of the construction company's stock after selling 4,542 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Cavco Industries worth $3,347,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Cavco Industries by 6.1% during 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 grew its position in shares of Cavco Industries by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock worth $86,522,000 after buying an additional 614 shares in the last quarter. FMR LLC grew its position 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 buying an additional 8,829 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Cavco Industries by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company's stock worth $46,872,000 after buying an additional 5,935 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of 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 buying an additional 5,620 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

Cavco Industries Price Performance

CVCO traded down $9.37 during trading hours on Friday, hitting $520.81. 37,228 shares of the stock were exchanged, compared to its average volume of 57,313. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 25.63 and a beta of 1.35. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The stock has a 50-day simple moving average of $479.66 and a 200-day simple moving average of $450.90.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share 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%. Sell-side analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CVCO. Wedbush reissued a "neutral" rating and set a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, Craig Hallum raised their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other news, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction dated Friday, February 7th. The stock was 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. The trade was a 45.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $503.31, for a total value of $62,913.75. Following the sale, the director now owns 2,736 shares of the company's stock, valued at approximately $1,377,056.16. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,519 shares of company stock worth $2,806,172. 1.60% of the stock is currently owned by company insiders.

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.