Prudential Financial Inc. Buys 984 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Prudential Financial Inc. boosted its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,887 shares of the construction company's stock after purchasing an additional 984 shares during the quarter. Prudential Financial Inc. owned 0.13% of Cavco Industries worth $5,065,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Cavco Industries by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company's stock valued at $46,872,000 after buying an additional 5,935 shares during the last quarter. FMR LLC increased its stake in Cavco Industries by 7.0% during the third quarter. FMR LLC now owns 135,444 shares of the construction company's stock valued at $58,002,000 after acquiring an additional 8,829 shares during the period. BNP Paribas Financial Markets raised its holdings in Cavco Industries by 25.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the construction company's stock valued at $3,344,000 after acquiring an additional 1,586 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cavco Industries by 62.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 752 shares of the construction company's stock worth $322,000 after acquiring an additional 290 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Cavco Industries during the 3rd quarter worth approximately $883,000. 95.56% of the stock is owned by institutional investors.

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Cavco Industries Stock Performance

NASDAQ CVCO traded up $2.61 during trading on Friday, reaching $488.94. 88,698 shares of the company traded hands, compared to its average volume of 63,278. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08. The stock's 50 day moving average price is $517.10 and its two-hundred day moving average price is $477.73. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 24.06 and a beta of 1.34.

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

Analyst Ratings Changes

A number of research analysts recently commented on CVCO shares. StockNews.com lowered Cavco Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. Wedbush restated a "neutral" rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

Insider Transactions at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the transaction, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. The trade was a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Blount sold 750 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the sale, the director now directly owns 2,836 shares of the company's stock, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,644 shares of company stock valued at $4,494,608. 1.60% of the stock is owned by insiders.

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.