Harbor Capital Advisors Inc. Has $9.59 Million Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Harbor Capital Advisors Inc. lifted its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 147.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,399 shares of the construction company's stock after buying an additional 13,331 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.27% of Cavco Industries worth $9,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CVCO. BNP Paribas Financial Markets grew its position in shares of Cavco Industries by 12.7% in the first quarter. BNP Paribas Financial Markets now owns 10,355 shares of the construction company's stock valued at $4,132,000 after purchasing an additional 1,164 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Cavco Industries by 12.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,923 shares of the construction company's stock worth $767,000 after buying an additional 218 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Cavco Industries by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 6,794 shares of the construction company's stock worth $2,711,000 after buying an additional 106 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Cavco Industries in the first quarter valued at approximately $197,000. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Cavco Industries by 3.2% in the first quarter. Illinois Municipal Retirement Fund now owns 4,529 shares of the construction company's stock worth $1,807,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Cavco Industries Stock Performance

Shares of CVCO stock traded up $36.93 during trading hours on Friday, hitting $446.72. The company had a trading volume of 79,583 shares, compared to its average volume of 47,161. Cavco Industries, Inc. has a 12 month low of $248.84 and a 12 month high of $452.42. The firm's fifty day moving average is $421.15 and its 200 day moving average is $387.26. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 25.25 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing analysts' consensus estimates of $4.97 by ($0.86). The company had revenue of $477.60 million during the quarter, compared to the consensus estimate of $487.80 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.43%. During the same quarter last year, the company earned $5.29 earnings per share. On average, sell-side analysts expect that Cavco Industries, Inc. will post 17.35 EPS for the current fiscal year.

Insider Transactions at Cavco Industries

In other news, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the sale, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. This represents 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 accessible through this link. In other news, CAO Paul Bigbee sold 88 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the completion of the sale, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven G. Bunger sold 4,000 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the transaction, 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. In 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 insiders.

Analyst Ratings Changes

Several equities analysts recently commented on CVCO shares. Wedbush upped 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 boosted their price target on shares of Cavco Industries from $382.00 to $422.00 and gave the company a "buy" rating in a report on Monday, August 5th.

About Cavco Industries

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.