McClarren Financial Advisors Inc. Takes Position in Cavco Industries, Inc. (NASDAQ:CVCO)

McClarren Financial Advisors Inc. acquired a new position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 953 shares of the construction company's stock, valued at approximately $425,000. Cavco Industries comprises approximately 1.2% of McClarren Financial Advisors Inc.'s investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings 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 worth $44,000 after buying an additional 82 shares during the period. Avior Wealth Management LLC acquired a new position in shares of Cavco Industries in the third quarter worth about $64,000. Blue Trust Inc. boosted its holdings in shares of Cavco Industries by 90.0% in the third quarter. Blue Trust Inc. now owns 190 shares of the construction company's stock worth $81,000 after buying an additional 90 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock worth $142,000 after buying an additional 42 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Cavco Industries by 35.2% during the fourth quarter. KBC Group NV now owns 330 shares of the construction company's stock worth $147,000 after purchasing an additional 86 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, insider Matthew A. Nino sold 894 shares of Cavco Industries stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 in the company, valued at $407,882.13. The trade was a 53.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction that occurred 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 completion of the sale, the insider now owns 1,176 shares of the company's stock, valued at $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,619 shares of company stock worth $2,857,395 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush restated a "neutral" rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. Craig Hallum raised their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, StockNews.com upgraded shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Monday, February 3rd.

Cavco Industries Stock Performance

Shares of CVCO stock traded up $2.99 during trading on Friday, hitting $538.30. 32,712 shares of the company were exchanged, compared to its average volume of 63,811. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 26.49 and a beta of 1.35. The business's 50-day simple moving average is $476.82 and its 200 day simple moving average is $447.46. 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 posted its earnings results 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%. On average, equities analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

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.