Geode Capital Management LLC grew its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,024 shares of the construction company's stock after purchasing an additional 2,640 shares during the period. Geode Capital Management LLC owned approximately 2.80% of Cavco Industries worth $101,324,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVCO. Proficio Capital Partners LLC purchased a new position in shares of Cavco Industries in the fourth quarter valued at $5,376,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Cavco Industries by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company's stock worth $49,521,000 after purchasing an additional 1,524 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Cavco Industries during the fourth quarter worth about $215,000. Intech Investment Management LLC grew its holdings in shares of Cavco Industries by 91.4% during the fourth quarter. Intech Investment Management LLC now owns 4,160 shares of the construction company's stock worth $1,856,000 after buying an additional 1,986 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Cavco Industries in the fourth quarter valued at approximately $308,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have commented on CVCO. StockNews.com cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Wedbush reaffirmed a "neutral" rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.
Check Out Our Latest Report on Cavco Industries
Cavco Industries Price Performance
CVCO stock traded up $3.52 on Tuesday, hitting $478.99. 11,071 shares of the company were exchanged, compared to its average volume of 63,803. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 23.57 and a beta of 1.19. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The business's fifty day moving average is $513.29 and its two-hundred day moving average is $480.06.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping 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%. Equities research analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Susan L. Blount sold 750 shares of the firm's stock in a transaction 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 transaction, the director now owns 2,836 shares of the company's stock, valued at approximately $1,337,741.20. This trade represents a 20.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock worth $4,494,608 over the last three months. 1.60% of the stock is owned by insiders.
Cavco Industries Profile
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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.
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