Royce & Associates LP decreased its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,307 shares of the construction company's stock after selling 1,539 shares during the quarter. Royce & Associates LP owned about 0.61% of Cavco Industries worth $21,543,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Cavco Industries by 9,900.0% during the second quarter. Blue Trust Inc. now owns 100 shares of the construction company's stock worth $35,000 after buying an additional 99 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock worth $44,000 after acquiring an additional 82 shares during the last quarter. GAMMA Investing LLC grew its holdings in Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock valued at $118,000 after purchasing an additional 64 shares during the period. nVerses Capital LLC acquired a new position in Cavco Industries during the second quarter worth approximately $138,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Cavco Industries during the third quarter worth approximately $208,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Insider Activity at Cavco Industries
In other news, CAO Paul Bigbee sold 88 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares of the company's stock, valued at approximately $433,913.40. This trade represents a 7.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the sale, the director now owns 6,547 shares in the company, valued at $2,679,032.40. The trade was a 37.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,213 shares of company stock worth $1,729,458. 1.60% of the stock is currently owned by company insiders.
Cavco Industries Stock Up 0.1 %
Shares of CVCO stock traded up $0.28 during mid-day trading on Friday, reaching $465.23. The company's stock had a trading volume of 44,972 shares, compared to its average volume of 64,656. The company's 50 day simple moving average is $433.31 and its 200-day simple moving average is $393.85. Cavco Industries, Inc. has a 12-month low of $271.48 and a 12-month high of $484.80. The firm has a market capitalization of $3.77 billion, a PE ratio of 26.30 and a beta of 1.24.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 EPS 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 company had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. During the same period last year, the company posted $4.76 earnings per share. As a group, research analysts anticipate that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently commented on CVCO shares. Craig Hallum upped their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Wedbush upped their price target on Cavco Industries from $425.00 to $455.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th. Finally, StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, November 4th.
Check Out Our Latest Stock Analysis on CVCO
About Cavco Industries
(
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.
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