472 Shares in Cavco Industries, Inc. (NASDAQ:CVCO) Bought by Avanza Fonder AB

Avanza Fonder AB bought a new stake in Cavco Industries, Inc. (NASDAQ:CVCO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 472 shares of the construction company’s stock, valued at approximately $211,000.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new position in Cavco Industries during the third quarter valued at approximately $64,000. Blue Trust Inc. raised its position in Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after acquiring an additional 64 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Cavco Industries in the third quarter worth approximately $208,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction dated Wednesday, January 15th. The stock was 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 of the company’s stock, valued at $1,337,741.20. This trade 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 available through this hyperlink. Also, Director Julia Sze sold 125 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the transaction, the director now owns 2,861 shares in the company, valued at $1,312,283.48. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,850 shares of company stock valued at $889,417 in the last three months. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Craig Hallum raised their target price on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Wedbush downgraded Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price target for the company. in a research note on Tuesday, December 3rd.

Cavco Industries Trading Up 1.1 %

NASDAQ CVCO opened at $476.84 on Monday. Cavco Industries, Inc. has a 1 year low of $310.46 and a 1 year high of $544.08. The company has a fifty day simple moving average of $473.45 and a 200 day simple moving average of $430.99. The company has a market cap of $3.87 billion, a P/E ratio of 26.96 and a beta of 1.33.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The company had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. During the same period last year, the business posted $4.76 earnings per share. Equities research analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Cavco Industries Profile

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.