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

Fisher Asset Management LLC grew its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 8.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 71,487 shares of the construction company's stock after acquiring an additional 5,620 shares during the quarter. Fisher Asset Management LLC owned about 0.88% of Cavco Industries worth $30,614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVCO. Blue Trust Inc. lifted its position in Cavco Industries by 9,900.0% in 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 last quarter. Farther Finance Advisors LLC lifted its position in 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 buying an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new stake in Cavco Industries in the third quarter worth $64,000. GAMMA Investing LLC lifted its position in Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock worth $118,000 after buying an additional 64 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Cavco Industries in the second quarter worth $138,000. 95.56% of the stock is currently owned by institutional investors.

Insider Activity

In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the transaction, 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 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, CAO Paul Bigbee sold 88 shares of Cavco Industries stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total value of $35,323.20. Following the completion of the transaction, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. This trade represents a 7.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,313 shares of company stock worth $1,780,681. Company insiders own 1.60% of the company's stock.

Cavco Industries Stock Down 2.2 %

CVCO stock opened at $521.23 on Wednesday. The business's fifty day simple moving average is $444.55 and its two-hundred day simple moving average is $400.17. Cavco Industries, Inc. has a twelve month low of $271.48 and a twelve month high of $544.08. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 29.46 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.70 by $0.58. The firm had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter last year, the firm posted $4.76 earnings per share. Research analysts expect that Cavco Industries, Inc. will post 18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Wedbush increased their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th.

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.