Creative Planning Has $1.13 Million Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Creative Planning raised its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 131.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,629 shares of the construction company's stock after acquiring an additional 1,493 shares during the quarter. Creative Planning's holdings in Cavco Industries were worth $1,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lakewood Asset Management LLC lifted its stake in Cavco Industries by 8.5% in the third quarter. Lakewood Asset Management LLC now owns 902 shares of the construction company's stock valued at $386,000 after acquiring an additional 71 shares during the last quarter. GAMMA Investing LLC lifted its stake in Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock valued at $118,000 after acquiring an additional 64 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Cavco Industries by 1.4% in the third quarter. Handelsbanken Fonder AB now owns 57,986 shares of the construction company's stock valued at $24,832,000 after acquiring an additional 800 shares during the last quarter. SG Americas Securities LLC lifted its stake in Cavco Industries by 95.7% in the third quarter. SG Americas Securities LLC now owns 957 shares of the construction company's stock valued at $410,000 after acquiring an additional 468 shares during the last quarter. Finally, Aristides Capital LLC lifted its stake in Cavco Industries by 150.2% in the second quarter. Aristides Capital LLC now owns 1,699 shares of the construction company's stock valued at $588,000 after acquiring an additional 1,020 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Steven K. Like sold 575 shares of the business's stock in a transaction 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 approximately $460,108.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Cavco Industries news, SVP Steven K. Like sold 575 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total value of $210,806.50. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven G. Bunger sold 4,000 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the completion of the sale, the director now directly owns 6,547 shares in the company, valued at $2,679,032.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,663 shares of company stock valued at $1,882,930. 1.60% of the stock is owned by company insiders.

Cavco Industries Stock Up 9.0 %

Shares of NASDAQ:CVCO traded up $36.93 during trading on Friday, reaching $446.72. The stock had a trading volume of 79,583 shares, compared to its average volume of 64,432. Cavco Industries, Inc. has a 52 week low of $248.84 and a 52 week high of $452.42. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 25.66 and a beta of 1.24. The stock has a fifty day simple moving average of $420.40 and a two-hundred day simple moving average of $386.27.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its earnings results 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). Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. The company had revenue of $477.60 million for the quarter, compared to the consensus estimate of $487.80 million. During the same period last year, the firm posted $5.29 EPS. On average, analysts forecast that Cavco Industries, Inc. will post 17.35 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.