Dimensional Fund Advisors LP Sells 9,302 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Dimensional Fund Advisors LP cut its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 402,335 shares of the construction company’s stock after selling 9,302 shares during the period. Dimensional Fund Advisors LP owned 4.86% of Cavco Industries worth $139,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Cavco Industries by 9,900.0% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after buying an additional 99 shares during the period. Mather Group LLC. purchased a new stake in Cavco Industries in the 1st quarter worth approximately $60,000. nVerses Capital LLC purchased a new stake in Cavco Industries in the 2nd quarter worth approximately $138,000. SG Americas Securities LLC purchased a new stake in Cavco Industries in the 1st quarter worth approximately $197,000. Finally, TradeLink Capital LLC purchased a new stake in Cavco Industries in the 2nd quarter worth approximately $202,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Performance

Cavco Industries stock opened at $435.77 on Friday. The firm’s fifty day moving average price is $399.48 and its 200-day moving average price is $377.10. The stock has a market cap of $3.61 billion, a P/E ratio of 23.75 and a beta of 1.24. Cavco Industries, Inc. has a fifty-two week low of $233.84 and a fifty-two week high of $444.90.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing the consensus estimate of $4.97 by ($0.86). The company had revenue of $477.60 million for the quarter, compared to analysts’ expectations of $487.80 million. Cavco Industries had a net margin of 8.12% and a return on equity of 14.23%. During the same quarter last year, the business posted $5.29 EPS. On average, analysts predict that Cavco Industries, Inc. will post 17.35 earnings per share for the current year.

Insider Activity

In other news, Director Steven G. Bunger sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the sale, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the transaction, the director now owns 6,547 shares of the company’s stock, valued at approximately $2,679,032.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Paul Bigbee sold 88 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the transaction, the chief accounting officer now directly owns 1,081 shares in the company, valued at approximately $433,913.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,663 shares of company stock worth $1,882,930. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CVCO has been the topic of several recent analyst reports. Craig Hallum increased their target price on shares of Cavco Industries from $382.00 to $422.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Wedbush reiterated an “outperform” rating and issued a $425.00 target price on shares of Cavco Industries in a research note on Friday, August 2nd.

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.