UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,690 shares of the construction company's stock after selling 1,972 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Cavco Industries worth $5,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Cavco Industries by 9,900.0% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company's stock worth $35,000 after purchasing an additional 99 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock valued at $44,000 after purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of Cavco Industries in the 3rd quarter worth approximately $64,000. GAMMA Investing LLC increased its position in Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock valued at $118,000 after buying an additional 64 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Cavco Industries during the 2nd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Wall Street Analyst Weigh In

CVCO has been the topic of a number of recent research reports. Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Wedbush cut shares of Cavco Industries from an "outperform" rating to a "neutral" rating and set a $480.00 target price for the company. in a report on Tuesday, December 3rd. Finally, StockNews.com cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a report on Wednesday.

Insider Transactions at Cavco Industries

In related news, Director Julia Sze sold 125 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $503.31, for a total transaction of $62,913.75. Following the completion of the sale, the director now directly owns 2,736 shares in the company, valued at approximately $1,377,056.16. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Paul Bigbee sold 100 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total value of $51,223.00. Following the completion of the transaction, the chief accounting officer now directly owns 981 shares in the company, valued at approximately $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 350 shares of company stock worth $171,472 in the last ninety days. Insiders own 1.60% of the company's stock.

Cavco Industries Price Performance

NASDAQ CVCO traded up $1.77 during trading hours on Thursday, hitting $498.78. The company's stock had a trading volume of 77,851 shares, compared to its average volume of 64,132. Cavco Industries, Inc. has a 12 month low of $301.56 and a 12 month high of $544.08. The company's 50 day simple moving average is $461.32 and its two-hundred day simple moving average is $410.70. The company has a market cap of $4.04 billion, a P/E ratio of 27.78 and a beta of 1.29.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, topping analysts' consensus estimates of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The firm had revenue of $507.46 million during the quarter, compared to analyst estimates of $480.10 million. During the same period in the previous year, the business posted $4.76 earnings per share. As a group, research analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

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.