Vanguard Group Inc. raised its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 737,593 shares of the construction company's stock after buying an additional 1,695 shares during the period. Vanguard Group Inc. owned about 9.09% of Cavco Industries worth $329,136,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in CVCO. Harvest Fund Management Co. Ltd acquired a new position in Cavco Industries in the fourth quarter valued at approximately $67,000. Smartleaf Asset Management LLC raised its position in shares of Cavco Industries by 387.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock valued at $72,000 after acquiring an additional 128 shares during the last quarter. Blue Trust Inc. lifted its stake 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 valued at $105,000 after purchasing an additional 55 shares during the period. GAMMA Investing LLC boosted its position in shares of Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock worth $142,000 after purchasing an additional 42 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company's stock worth $147,000 after purchasing an additional 86 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.
Cavco Industries Price Performance
NASDAQ:CVCO traded down $14.42 during trading hours on Monday, reaching $474.53. 39,634 shares of the stock were exchanged, compared to its average volume of 63,199. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The stock has a market cap of $3.85 billion, a PE ratio of 23.27 and a beta of 1.19. The firm has a 50 day moving average of $517.10 and a 200 day moving average of $478.11.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its 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 net margin of 8.75% and a return on equity of 16.17%. Equities research analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.
Insider Activity
In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of the firm's 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 completion of the transaction, the director now directly owns 2,836 shares in the company, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew A. Nino sold 894 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the transaction, the insider now directly owns 771 shares in the company, valued at $407,882.13. This trade represents a 53.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock worth $4,494,608 in the last quarter. Corporate insiders own 1.60% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CVCO. StockNews.com lowered shares of Cavco Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Wedbush reissued a "neutral" rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.
Check Out Our Latest Analysis on Cavco Industries
About Cavco Industries
(
Free Report)
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.
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