New York State Common Retirement Fund Sells 3,344 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

New York State Common Retirement Fund lowered its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 55.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,671 shares of the construction company's stock after selling 3,344 shares during the quarter. New York State Common Retirement Fund's holdings in Cavco Industries were worth $1,192,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Cavco Industries by 6.1% during the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company's stock worth $96,107,000 after acquiring an additional 12,822 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Cavco Industries by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock valued at $86,522,000 after purchasing an additional 614 shares in the last quarter. FMR LLC grew its position in shares of Cavco Industries by 7.0% in the 3rd quarter. FMR LLC now owns 135,444 shares of the construction company's stock valued at $58,002,000 after purchasing an additional 8,829 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cavco Industries by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company's stock worth $46,872,000 after purchasing an additional 5,935 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Cavco Industries by 8.5% during the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company's stock worth $30,614,000 after buying an additional 5,620 shares during the period. Institutional investors own 95.56% of the company's stock.

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Insiders Place Their Bets

In related news, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the sale, the insider now owns 1,176 shares of the company's stock, valued at approximately $632,688. The trade was a 45.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Blount sold 750 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total value of $353,775.00. Following the transaction, the director now directly owns 2,836 shares of the company's stock, valued at $1,337,741.20. This trade represents a 20.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,519 shares of company stock valued at $2,806,172 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries Stock Performance

NASDAQ CVCO traded down $4.45 during trading on Thursday, hitting $529.15. The stock had a trading volume of 16,316 shares, compared to its average volume of 58,415. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The company's 50-day moving average price is $491.42 and its two-hundred day moving average price is $461.08. The company has a market capitalization of $4.29 billion, a PE ratio of 26.05 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.