First Eagle Investment Management LLC Sells 2,900 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

First Eagle Investment Management LLC cut its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 26.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,128 shares of the construction company's stock after selling 2,900 shares during the quarter. First Eagle Investment Management LLC owned 0.10% of Cavco Industries worth $3,627,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. SkyView Investment Advisors LLC raised its position in Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company's stock valued at $767,000 after purchasing an additional 31 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Cavco Industries by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company's stock valued at $4,066,000 after buying an additional 37 shares during the period. GAMMA Investing LLC increased its stake in shares of Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after buying an additional 42 shares during the period. Blue Trust Inc. increased its stake in shares of Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock valued at $105,000 after buying an additional 55 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in shares of Cavco Industries by 8.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 720 shares of the construction company's stock valued at $321,000 after buying an additional 55 shares during the period. 95.56% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on CVCO shares. Wedbush reissued a "neutral" rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd.

Insider Buying and Selling at Cavco Industries

In other news, insider Jack S. Brandom sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the transaction, the insider now owns 1,176 shares in the company, valued at $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Blount sold 750 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 $1,337,741.20. This represents a 20.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,644 shares of company stock valued at $4,494,608. Company insiders own 1.60% of the company's stock.

Cavco Industries Trading Down 0.8 %

NASDAQ CVCO traded down $4.17 during trading hours on Thursday, hitting $521.48. 59,453 shares of the company's stock were exchanged, compared to its average volume of 60,001. The stock has a 50-day simple moving average of $504.42 and a 200 day simple moving average of $468.79. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 25.66 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Cavco Industries Company 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.