Allspring Global Investments Holdings LLC Sells 3,056 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Allspring Global Investments Holdings LLC reduced its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 20.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,166 shares of the construction company's stock after selling 3,056 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.15% of Cavco Industries worth $5,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Verus Capital Partners LLC grew its stake in shares of Cavco Industries by 4.5% in the second quarter. Verus Capital Partners LLC now owns 653 shares of the construction company's stock worth $226,000 after acquiring an additional 28 shares during the period. Anchor Capital Advisors LLC grew its stake in shares of Cavco Industries by 0.7% in the first quarter. Anchor Capital Advisors LLC now owns 4,951 shares of the construction company's stock worth $1,976,000 after acquiring an additional 32 shares during the period. Arizona State Retirement System grew its stake in shares of Cavco Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 2,103 shares of the construction company's stock worth $728,000 after acquiring an additional 39 shares during the period. ProShare Advisors LLC grew its stake in shares of Cavco Industries by 3.3% in the first quarter. ProShare Advisors LLC now owns 1,676 shares of the construction company's stock worth $669,000 after acquiring an additional 54 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock worth $118,000 after acquiring an additional 64 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, SVP Steven K. Like sold 575 shares of Cavco Industries stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total transaction of $210,806.50. Following the transaction, the senior vice president now owns 1,255 shares of the company's stock, valued at $460,108.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Paul Bigbee sold 88 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total value of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares of the company's stock, valued at approximately $433,913.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven K. Like sold 575 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $366.62, for a total transaction of $210,806.50. Following the completion of the transaction, the senior vice president now directly owns 1,255 shares in the company, valued at $460,108.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,663 shares of company stock valued at $1,882,930 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries Price Performance

Shares of CVCO traded up $5.65 on Monday, reaching $418.68. The company's stock had a trading volume of 42,796 shares, compared to its average volume of 64,342. The stock has a market capitalization of $3.46 billion, a P/E ratio of 22.63 and a beta of 1.24. The stock's 50 day simple moving average is $418.52 and its two-hundred day simple moving average is $385.38. Cavco Industries, Inc. has a 12-month low of $233.84 and a 12-month high of $452.42.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.97 by ($0.86). The business had revenue of $477.60 million during the quarter, compared to analysts' expectations of $487.80 million. Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. During the same period in the previous year, the business posted $5.29 EPS. Analysts expect that Cavco Industries, Inc. will post 17.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CVCO has been the subject of a number of research analyst reports. Craig Hallum lifted their price target on shares of Cavco Industries from $382.00 to $422.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Wedbush raised their price objective on shares of Cavco Industries from $425.00 to $455.00 and gave the stock an "outperform" rating in a report on Friday, October 11th.

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.