Cavco Industries, Inc. (NASDAQ:CVCO) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,511 shares of the construction company's stock after purchasing an additional 2,024 shares during the quarter. Fisher Asset Management LLC owned about 0.91% of Cavco Industries worth $32,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Cavco Industries by 390.5% in the 3rd 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. Avior Wealth Management LLC purchased a new position in shares of Cavco Industries in the third quarter worth about $64,000. Blue Trust Inc. raised 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 worth $105,000 after purchasing an additional 55 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cavco Industries by 15.2% during the fourth 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 period. Finally, KBC Group NV boosted its position in Cavco Industries by 35.2% in the fourth quarter. KBC Group NV now owns 330 shares of the construction company's stock valued at $147,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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Insiders Place Their Bets

In other news, Director Julia Sze sold 125 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $503.31, for a total transaction of $62,913.75. Following the completion of the sale, the director now owns 2,736 shares of the company's stock, valued at $1,377,056.16. The trade was a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jack S. Brandom sold 1,000 shares of the business'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 sale, the insider now owns 1,176 shares of the company's stock, valued at $632,688. The trade was a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,519 shares of company stock worth $2,806,172. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CVCO has been the subject of several research reports. Wedbush restated a "neutral" rating and set a $550.00 price objective (up 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 report on Monday, February 3rd.

Cavco Industries Stock Down 0.3 %

Shares of NASDAQ CVCO traded down $1.38 during midday trading on Thursday, reaching $532.23. 18,857 shares of the stock were exchanged, compared to its average volume of 58,474. The firm has a 50-day simple moving average of $491.42 and a two-hundred day simple moving average of $461.08. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 26.19 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released 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%. Research analysts expect that Cavco Industries, Inc. will post 21.93 EPS 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.