Natixis Sells 900 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Natixis trimmed its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 91.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84 shares of the construction company's stock after selling 900 shares during the period. Natixis' holdings in Cavco Industries were worth $37,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors acquired a new stake in Cavco Industries during the fourth quarter worth $9,863,000. First Trust Advisors LP boosted its position in shares of Cavco Industries by 15.5% during the 4th quarter. First Trust Advisors LP now owns 4,799 shares of the construction company's stock valued at $2,141,000 after acquiring an additional 645 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Cavco Industries by 500.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 600 shares of the construction company's stock valued at $268,000 after acquiring an additional 500 shares during the period. Osterweis Capital Management Inc. raised its position in Cavco Industries by 7.0% in the fourth quarter. Osterweis Capital Management Inc. now owns 38,501 shares of the construction company's stock worth $17,180,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Cavco Industries by 305.9% during the fourth quarter. Marshall Wace LLP now owns 2,841 shares of the construction company's stock worth $1,268,000 after purchasing an additional 2,141 shares during the period. Institutional investors own 95.56% of the company's stock.

Insider Buying and Selling at Cavco Industries

In related news, insider Matthew A. Nino sold 894 shares of the 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 sale, the insider now directly owns 771 shares in the company, valued at $407,882.13. This trade represents a 53.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan L. Blount sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the transaction, the director now owns 2,836 shares of the company's stock, valued at approximately $1,438,362.48. This represents a 41.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,894 shares of company stock worth $4,140,833. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CVCO shares. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research note on Friday. Wedbush reiterated a "neutral" rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Stock Up 1.8 %

NASDAQ:CVCO traded up $8.68 during mid-day trading on Tuesday, reaching $497.97. 57,041 shares of the company were exchanged, compared to its average volume of 63,906. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The company has a fifty day moving average of $502.38 and a 200 day moving average of $483.74. The stock has a market cap of $4.04 billion, a PE ratio of 24.51 and a beta of 1.19.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. On average, equities research analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

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.