Victory Capital Management Inc. Grows Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Victory Capital Management Inc. boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 103.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,355 shares of the construction company's stock after purchasing an additional 3,745 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Cavco Industries worth $3,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CVCO. SkyView Investment Advisors LLC raised its position in shares of Cavco Industries by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company's stock worth $767,000 after purchasing an additional 31 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Cavco Industries by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company's stock valued at $4,066,000 after purchasing an additional 37 shares in the last quarter. GAMMA Investing LLC raised its holdings in Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock worth $142,000 after buying an additional 42 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after buying an additional 55 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in shares of Cavco Industries by 3.4% during the fourth quarter. Sheets Smith Wealth Management now owns 2,084 shares of the construction company's stock valued at $930,000 after buying an additional 69 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

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Insider Activity at Cavco Industries

In related news, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jack S. Brandom sold 1,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $538.00, for a total transaction of $538,000.00. Following the sale, the insider now directly owns 1,176 shares of the company's stock, valued at approximately $632,688. This represents a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,644 shares of company stock worth $4,494,608. 1.60% of the stock is owned by insiders.

Cavco Industries Stock Performance

Shares of CVCO traded down $4.84 during mid-day trading on Thursday, hitting $520.81. 38,793 shares of the company traded hands, compared to its average volume of 59,944. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 25.57 and a beta of 1.34. The stock has a 50-day moving average price of $504.42 and a two-hundred day moving average price of $468.79. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results 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 net margin of 8.75% and a return on equity of 16.17%. On average, analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CVCO shares. StockNews.com upgraded shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Wedbush restated a "neutral" rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

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.