Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,152 shares of the construction company's stock after selling 13,285 shares during the period. Gamco Investors INC. ET AL owned 1.43% of Cavco Industries worth $51,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVCO. XTX Topco Ltd lifted its holdings in shares of Cavco Industries by 35.5% in the 4th quarter. XTX Topco Ltd now owns 1,937 shares of the construction company's stock worth $864,000 after buying an additional 507 shares during the period. Summit Investment Advisors Inc. lifted its stake in Cavco Industries by 3.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 866 shares of the construction company's stock worth $386,000 after acquiring an additional 30 shares during the period. Kennedy Capital Management LLC grew its holdings in Cavco Industries by 0.4% during the 4th quarter. Kennedy Capital Management LLC now owns 32,080 shares of the construction company's stock worth $14,315,000 after acquiring an additional 139 shares in the last quarter. Bessemer Group Inc. increased its position in Cavco Industries by 4.3% during the 4th quarter. Bessemer Group Inc. now owns 50,017 shares of the construction company's stock valued at $22,318,000 after purchasing an additional 2,040 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Cavco Industries in the 4th quarter valued at about $5,967,000. Institutional investors own 95.56% of the company's stock.

Cavco Industries Price Performance

Cavco Industries stock traded up $8.30 during trading hours on Friday, hitting $477.75. 70,524 shares of the stock traded hands, compared to its average volume of 63,824. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 23.51 and a beta of 1.19. The firm's 50 day moving average price is $508.80 and its 200-day moving average price is $480.89.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wedbush reiterated 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 downgraded Cavco Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd.

Insider Buying and Selling

In related news, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 15,286 shares of the company's stock, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Blount sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 2,836 shares of the company's stock, valued at $1,438,362.48. The trade was a 41.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $4,140,833 over the last 90 days. Insiders own 1.60% of the company's stock.

About Cavco Industries

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.