Thrivent Financial for Lutherans Has $3.75 Million Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Thrivent Financial for Lutherans cut its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,413 shares of the construction company's stock after selling 1,080 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Cavco Industries worth $3,754,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVCO. SkyView Investment Advisors LLC lifted its stake in shares of Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company's stock valued at $767,000 after buying an additional 31 shares during the period. GAMMA Investing LLC raised its holdings in Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after acquiring an additional 42 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Cavco Industries by 28.9% in the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after acquiring an additional 55 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Cavco Industries by 8.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 720 shares of the construction company's stock worth $321,000 after purchasing an additional 55 shares in the last quarter. Finally, Moran Wealth Management LLC increased its position in shares of Cavco Industries by 4.8% during the fourth quarter. Moran Wealth Management LLC now owns 1,453 shares of the construction company's stock valued at $648,000 after purchasing an additional 66 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the transaction, the director now owns 15,286 shares of the company's stock, valued at approximately $8,084,459.68. The trade was a 20.74 % 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 hyperlink. Also, Director Susan L. Blount sold 750 shares of the firm's stock in a transaction 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 completion of the sale, the director now owns 2,836 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders have sold 8,644 shares of company stock valued at $4,494,608. 1.60% of the stock is currently owned by insiders.

Cavco Industries Trading Down 2.4 %

CVCO stock traded down $12.59 during trading on Friday, hitting $513.96. The company had a trading volume of 47,557 shares, compared to its average volume of 62,744. The company has a fifty day moving average price of $513.92 and a two-hundred day moving average price of $474.70. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The company has a market cap of $4.17 billion, a P/E ratio of 25.29 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating 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%. On average, analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wedbush reiterated a "neutral" rating and set a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd.

Cavco Industries Company 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.