Geode Capital Management LLC Has $96.11 Million Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Geode Capital Management LLC boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 224,384 shares of the construction company's stock after buying an additional 12,822 shares during the quarter. Geode Capital Management LLC owned approximately 2.77% of Cavco Industries worth $96,107,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Cavco Industries by 162.0% during the third quarter. Barclays PLC now owns 17,234 shares of the construction company's stock worth $7,381,000 after purchasing an additional 10,656 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Cavco Industries by 20.5% in the 3rd quarter. XTX Topco Ltd now owns 1,430 shares of the construction company's stock valued at $612,000 after acquiring an additional 243 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Cavco Industries in the third quarter valued at about $208,000. Quadrature Capital Ltd bought a new stake in Cavco Industries during the third quarter worth about $410,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in Cavco Industries by 7.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 51,572 shares of the construction company's stock valued at $22,085,000 after purchasing an additional 3,615 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

Cavco Industries Trading Down 2.2 %

Shares of CVCO traded down $9.90 during mid-day trading on Thursday, reaching $442.22. The company's stock had a trading volume of 69,574 shares, compared to its average volume of 63,986. The stock has a market cap of $3.59 billion, a P/E ratio of 25.00 and a beta of 1.29. Cavco Industries, Inc. has a 1-year low of $304.10 and a 1-year high of $544.08. The business has a 50-day simple moving average of $466.66 and a two-hundred day simple moving average of $415.17.

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

Analysts Set New Price Targets

Several research firms have recently commented on CVCO. Wedbush downgraded Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 price objective for the company. in a report on Tuesday, December 3rd. Craig Hallum increased their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th.

Insider Buying and Selling

In related news, Director Julia Sze sold 125 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the sale, the director now directly owns 2,861 shares in the company, valued at $1,312,283.48. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Paul Bigbee sold 100 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $512.23, for a total value of $51,223.00. Following the completion of the transaction, the chief accounting officer now directly owns 981 shares in the company, valued at approximately $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,100 shares of company stock valued at $535,642. Company insiders own 1.60% of the company's stock.

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.