Cavco Industries, Inc. (NASDAQ:CVCO) Shares Acquired by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 1,656.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,733 shares of the construction company's stock after purchasing an additional 12,008 shares during the period. Cavco Industries comprises 1.9% of Westbourne Investment Advisors Inc.'s holdings, making the stock its 20th largest position. Westbourne Investment Advisors Inc. owned about 0.16% of Cavco Industries worth $5,682,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CVCO. Fisher Asset Management LLC grew its stake in shares of Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company's stock worth $30,614,000 after buying an additional 5,620 shares during the last quarter. Blue Trust Inc. increased its stake in Cavco Industries by 90.0% in the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company's stock valued at $81,000 after buying an additional 90 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company's stock worth $20,091,000 after purchasing an additional 22,451 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Cavco Industries by 390.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company's stock worth $44,000 after buying an additional 82 shares during the period. Finally, Barclays PLC boosted its holdings in Cavco Industries by 162.0% in the 3rd quarter. Barclays PLC now owns 17,234 shares of the construction company's stock valued at $7,381,000 after purchasing an additional 10,656 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Susan L. Blount sold 750 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total transaction of $353,775.00. Following the sale, the director now directly owns 2,836 shares in the company, valued at approximately $1,337,741.20. This represents a 20.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jack S. Brandom sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the transaction, the insider now owns 1,176 shares in the company, valued at approximately $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,619 shares of company stock valued at $2,857,395. 1.60% of the stock is owned by corporate insiders.

Cavco Industries Price Performance

NASDAQ CVCO traded down $5.94 during trading on Wednesday, reaching $524.85. 38,680 shares of the company's stock traded hands, compared to its average volume of 60,264. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 25.83 and a beta of 1.35. The company's 50 day simple moving average is $474.94 and its two-hundred day simple moving average is $445.25.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of Cavco Industries from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Wedbush reiterated a "neutral" rating and issued a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. Finally, Craig Hallum upped their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a "buy" rating in a report on Monday, November 4th.

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.