Watchman Group Inc. Lowers Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Watchman Group Inc. decreased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 6.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,125 shares of the construction company's stock after selling 617 shares during the quarter. Watchman Group Inc. owned approximately 0.11% of Cavco Industries worth $4,072,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CVCO. Charles Schwab Investment Management Inc. lifted its position in shares of Cavco Industries by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company's stock worth $46,872,000 after acquiring an additional 5,935 shares in the last quarter. Citigroup Inc. raised its stake in shares of Cavco Industries by 61.9% during the 3rd quarter. Citigroup Inc. now owns 16,228 shares of the construction company's stock valued at $6,949,000 after purchasing an additional 6,203 shares during the period. FMR LLC lifted its holdings in Cavco Industries by 7.0% during the 3rd quarter. FMR LLC now owns 135,444 shares of the construction company's stock worth $58,002,000 after purchasing an additional 8,829 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Cavco Industries by 25.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,809 shares of the construction company's stock worth $3,344,000 after purchasing an additional 1,586 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cavco Industries by 62.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 752 shares of the construction company's stock valued at $322,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Cavco Industries Stock Performance

CVCO traded down $30.06 during trading on Thursday, reaching $497.50. The stock had a trading volume of 24,203 shares, compared to its average volume of 62,664. The business has a 50-day moving average of $516.55 and a 200-day moving average of $476.92. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The stock has a market cap of $4.03 billion, a PE ratio of 24.48 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, 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%. Equities research analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of the company'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 transaction 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. This represents a 41.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Greenblatt sold 4,000 shares of the firm's stock in a transaction 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 directly owns 15,286 shares of the company's stock, valued at $8,084,459.68. This represents a 20.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock valued at $4,494,608 in the last quarter. Company insiders own 1.60% of the company's stock.

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.