Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,175 shares of the construction company's stock after selling 6,132 shares during the quarter. Royce & Associates LP owned 0.54% of Cavco Industries worth $19,712,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC boosted its position in Cavco Industries by 91.8% during the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company's stock worth $20,091,000 after purchasing an additional 22,451 shares in the last quarter. Atom Investors LP purchased a new position in Cavco Industries during the third quarter valued at $7,572,000. Raymond James Financial Inc. acquired a new stake in shares of Cavco Industries in the fourth quarter valued at about $5,967,000. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 12,822 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Cavco Industries by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company's stock worth $15,368,000 after purchasing an additional 12,780 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the transaction, the insider now owns 1,176 shares in the company, valued at approximately $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan L. Blount sold 2,000 shares of Cavco Industries stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the transaction, the director now owns 2,836 shares in the company, valued at approximately $1,438,362.48. The trade was a 41.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,644 shares of company stock worth $4,494,608. 1.60% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research firms have commented on CVCO. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Wedbush reissued a "neutral" rating and issued a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

Cavco Industries Trading Down 0.8 %

CVCO stock traded down $4.17 during mid-day trading on Thursday, reaching $521.48. The company's stock had a trading volume of 59,453 shares, compared to its average volume of 60,001. The company's 50 day moving average is $504.42 and its two-hundred day moving average is $468.79. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The stock has a market cap of $4.23 billion, a PE ratio of 25.66 and a beta of 1.34.

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 return on equity of 16.17% and a net margin of 8.75%. On average, analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share 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.