Blue Trust Inc. Purchases 90 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Blue Trust Inc. boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 90.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190 shares of the construction company’s stock after buying an additional 90 shares during the period. Blue Trust Inc.’s holdings in Cavco Industries were worth $81,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CVCO. GAMMA Investing LLC boosted its stake in Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after purchasing an additional 64 shares during the last quarter. nVerses Capital LLC acquired a new position in Cavco Industries during the 2nd quarter valued at about $138,000. SG Americas Securities LLC acquired a new position in Cavco Industries during the 1st quarter valued at about $197,000. TradeLink Capital LLC acquired a new position in Cavco Industries during the 2nd quarter valued at about $202,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Cavco Industries during the 2nd quarter valued at about $208,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Down 1.2 %

Shares of NASDAQ CVCO opened at $413.66 on Wednesday. Cavco Industries, Inc. has a twelve month low of $233.84 and a twelve month high of $452.42. The stock’s 50 day moving average price is $419.03 and its 200-day moving average price is $385.65. The company has a market capitalization of $3.42 billion, a PE ratio of 22.30 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.86). Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. The business had revenue of $477.60 million during the quarter, compared to analysts’ expectations of $487.80 million. During the same quarter in the previous year, the firm earned $5.29 EPS. As a group, research analysts expect that Cavco Industries, Inc. will post 17.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CVCO shares. Craig Hallum lifted their price target on Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Wedbush lifted their price target on Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th.

Insider Transactions at Cavco Industries

In related news, SVP Steven K. Like sold 575 shares of Cavco Industries stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total value of $210,806.50. Following the sale, the senior vice president now owns 1,255 shares of the company’s stock, valued at approximately $460,108.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the sale, the director now owns 6,547 shares of the company’s stock, valued at approximately $2,679,032.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Steven K. Like sold 575 shares of Cavco Industries stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $366.62, for a total transaction of $210,806.50. Following the completion of the sale, the senior vice president now directly owns 1,255 shares in the company, valued at $460,108.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,663 shares of company stock worth $1,882,930 in the last 90 days. Insiders own 1.60% of the company’s stock.

Cavco Industries Company 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.