Cavco Industries, Inc. (NASDAQ:CVCO) Position Increased by LPL Financial LLC

LPL Financial LLC raised its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 174.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,114 shares of the construction company's stock after purchasing an additional 1,344 shares during the period. LPL Financial LLC's holdings in Cavco Industries were worth $943,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CVCO. Harvest Fund Management Co. Ltd purchased a new position in Cavco Industries in the fourth quarter valued at approximately $67,000. Smartleaf Asset Management LLC lifted its holdings in shares of Cavco Industries by 387.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock valued at $72,000 after acquiring an additional 128 shares in the last quarter. Blue Trust Inc. boosted its position in Cavco Industries by 28.9% during the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after purchasing an additional 55 shares during the period. GAMMA Investing LLC increased its holdings in Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after purchasing an additional 42 shares in the last quarter. Finally, KBC Group NV increased its holdings in Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company's stock valued at $147,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cavco Industries Trading Down 0.1 %

CVCO stock traded down $0.39 during trading on Wednesday, reaching $480.10. The stock had a trading volume of 60,270 shares, compared to its average volume of 63,814. The firm has a fifty day moving average price of $506.43 and a 200 day moving average price of $481.51. The company has a market capitalization of $3.89 billion, a P/E ratio of 23.63 and a beta of 1.19. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating 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%. Sell-side analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insider Activity

In other Cavco Industries news, insider Jack S. Brandom sold 1,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $538.00, for a total transaction of $538,000.00. Following the transaction, the insider now directly owns 1,176 shares in the company, valued at $632,688. This represents a 45.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan L. Blount sold 2,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,894 shares of company stock worth $4,140,833. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Cavco Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Wedbush restated a "neutral" rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

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.