Crown Advisors Management Inc. bought a new position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,000 shares of the construction company's stock, valued at approximately $5,354,000. Cavco Industries comprises approximately 3.4% of Crown Advisors Management Inc.'s holdings, making the stock its 8th biggest holding. Crown Advisors Management Inc. owned about 0.15% of Cavco Industries as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Avior Wealth Management LLC acquired a new stake in Cavco Industries during the third quarter worth approximately $64,000. Smartleaf Asset Management LLC increased its stake in shares of Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after purchasing an additional 128 shares during the period. Blue Trust Inc. lifted its holdings in Cavco Industries by 28.9% during the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after purchasing an additional 55 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock worth $142,000 after purchasing an additional 42 shares during the last quarter. Finally, KBC Group NV boosted its stake in Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company's stock valued at $147,000 after purchasing an additional 86 shares during the period. Institutional investors own 95.56% of the company's stock.
Cavco Industries Stock Performance
Shares of CVCO stock traded down $8.59 during trading on Friday, hitting $512.89. The company had a trading volume of 196,305 shares, compared to its average volume of 60,541. The firm has a market capitalization of $4.16 billion, a P/E ratio of 25.24 and a beta of 1.34. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The stock's 50-day moving average price is $507.60 and its 200 day moving average price is $470.36.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its earnings results 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 return on equity of 16.17% and a net margin of 8.75%. On average, research analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on CVCO shares. StockNews.com upgraded 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 target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.
View Our Latest Stock Report on CVCO
Insider Buying and Selling
In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the sale, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Blount sold 2,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total value of $1,014,360.00. Following the completion of the sale, the director now directly owns 2,836 shares in the company, valued at approximately $1,438,362.48. This represents a 41.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock valued at $4,494,608 over the last quarter. 1.60% of the stock is owned by company insiders.
Cavco Industries Profile
(
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.
Further Reading
Before you consider Cavco Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cavco Industries wasn't on the list.
While Cavco Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
