GW&K Investment Management LLC Boosts Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

GW&K Investment Management LLC increased its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,715 shares of the construction company's stock after buying an additional 1,931 shares during the period. Cavco Industries comprises approximately 0.7% of GW&K Investment Management LLC's portfolio, making the stock its 25th largest position. GW&K Investment Management LLC owned 2.33% of Cavco Industries worth $84,210,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CVCO. Creative Planning grew its stake in shares of Cavco Industries by 131.4% in the third quarter. Creative Planning now owns 2,629 shares of the construction company's stock worth $1,126,000 after purchasing an additional 1,493 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Cavco Industries by 2.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 4,000 shares of the construction company's stock worth $1,713,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue grew its position in shares of Cavco Industries by 3.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,709 shares of the construction company's stock valued at $2,016,000 after buying an additional 152 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock valued at $44,000 after buying an additional 82 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in shares of Cavco Industries by 147.0% during the third quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company's stock worth $9,592,000 after acquiring an additional 13,331 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on CVCO. Wedbush reissued a "neutral" rating and set a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. Craig Hallum increased their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd.

Cavco Industries Trading Up 0.1 %

NASDAQ CVCO traded up $0.44 during mid-day trading on Tuesday, hitting $518.86. The company's stock had a trading volume of 62,459 shares, compared to its average volume of 58,593. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 25.53 and a beta of 1.35. The company's 50 day simple moving average is $488.39 and its 200 day simple moving average is $459.64. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) 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%. As a group, research analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insider Buying and Selling at Cavco Industries

In related news, insider Matthew A. Nino sold 894 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the sale, the insider now directly owns 771 shares of the company's stock, valued at approximately $407,882.13. This represents a 53.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jack S. Brandom sold 1,000 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $538.00, for a total value of $538,000.00. Following the transaction, the insider now owns 1,176 shares in the company, valued at approximately $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,519 shares of company stock worth $2,806,172. Insiders own 1.60% of the company's stock.

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.