Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 70.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,203 shares of the construction company's stock after selling 10,263 shares during the period. Jane Street Group LLC owned approximately 0.05% of Cavco Industries worth $1,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in shares of Cavco Industries by 4.0% during the 2nd quarter. Raymond James & Associates now owns 13,138 shares of the construction company's stock valued at $4,548,000 after purchasing an additional 503 shares during the period. nVerses Capital LLC purchased a new stake in shares of Cavco Industries in the 2nd quarter worth $138,000. Natixis Advisors LLC purchased a new position in Cavco Industries during the second quarter valued at $3,640,000. Verus Capital Partners LLC grew its holdings in Cavco Industries by 4.5% during the second quarter. Verus Capital Partners LLC now owns 653 shares of the construction company's stock valued at $226,000 after purchasing an additional 28 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Cavco Industries by 8.2% during the 2nd quarter. Victory Capital Management Inc. now owns 8,323 shares of the construction company's stock worth $2,881,000 after acquiring an additional 630 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CVCO shares. Craig Hallum upped their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Wedbush downgraded Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 target price on the stock. in a research report on Tuesday, December 3rd. Finally, StockNews.com lowered Cavco Industries from a "buy" rating to a "hold" rating in a research report on Friday, December 20th.

Cavco Industries Stock Down 0.3 %

Shares of CVCO stock traded down $1.34 on Thursday, hitting $449.28. The stock had a trading volume of 29,921 shares, compared to its average volume of 64,175. Cavco Industries, Inc. has a one year low of $304.10 and a one year high of $544.08. The business has a 50 day moving average price of $468.25 and a 200 day moving average price of $418.62. The company has a market cap of $3.64 billion, a PE ratio of 25.40 and a beta of 1.29.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $4.76 EPS. Equities research analysts expect that Cavco Industries, Inc. will post 18 EPS for the current year.

Insider Buying and Selling

In related news, Director Julia Sze sold 125 shares of the company'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 transaction, the director now directly owns 2,861 shares of the company's stock, valued at $1,312,283.48. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Paul Bigbee sold 100 shares of Cavco Industries stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $512.23, for a total value of $51,223.00. Following the sale, the chief accounting officer now directly owns 981 shares of the company's stock, valued at approximately $502,497.63. This represents a 9.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,100 shares of company stock worth $535,642 in the last ninety days. 1.60% of the stock is owned by insiders.

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.