Cavco Industries, Inc. (NASDAQ:CVCO) Shares Purchased by Robeco Schweiz AG

Robeco Schweiz AG raised its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,200 shares of the construction company's stock after purchasing an additional 2,700 shares during the period. Robeco Schweiz AG owned 0.29% of Cavco Industries worth $10,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CVCO. Cerity Partners LLC boosted its holdings in Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company's stock valued at $20,091,000 after acquiring an additional 22,451 shares during the period. Fisher Asset Management LLC boosted its position in Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company's stock valued at $30,614,000 after purchasing an additional 5,620 shares in the last quarter. Blue Trust Inc. grew its stake in Cavco Industries by 90.0% in the third quarter. Blue Trust Inc. now owns 190 shares of the construction company's stock valued at $81,000 after purchasing an additional 90 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock worth $44,000 after purchasing an additional 82 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Cavco Industries during the fourth quarter valued at about $425,000. 95.56% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts recently commented on CVCO shares. Wedbush reiterated a "neutral" rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. Craig Hallum upped their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd.

Insiders Place Their Bets

In other Cavco Industries news, insider Matthew A. Nino sold 894 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $407,882.13. This represents a 53.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jack S. Brandom sold 1,000 shares of the company's 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 completion of the sale, the insider now owns 1,176 shares in the company, valued at $632,688. The trade was a 45.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,519 shares of company stock valued at $2,806,172. 1.60% of the stock is owned by company insiders.

Cavco Industries Stock Up 1.2 %

Shares of Cavco Industries stock traded up $6.47 during midday trading on Friday, hitting $524.53. The company had a trading volume of 56,155 shares, compared to its average volume of 57,904. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 25.81 and a beta of 1.35. 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 simple moving average of $486.93 and a 200 day simple moving average of $458.17.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping the consensus estimate 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, analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current 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.