Cavco Industries, Inc. (NASDAQ:CVCO) Stock Position Increased by Creative Planning

Creative Planning raised its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 131.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,629 shares of the construction company’s stock after purchasing an additional 1,493 shares during the period. Creative Planning’s holdings in Cavco Industries were worth $1,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of Cavco Industries by 2.9% during the first quarter. Capital World Investors now owns 605,925 shares of the construction company’s stock worth $241,800,000 after buying an additional 17,125 shares during the period. Edgestream Partners L.P. bought a new stake in Cavco Industries during the 2nd quarter valued at $4,245,000. AYAL Capital Advisors Ltd raised its stake in Cavco Industries by 61.4% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 29,861 shares of the construction company’s stock valued at $10,337,000 after acquiring an additional 11,361 shares in the last quarter. Natixis Advisors LLC acquired a new position in Cavco Industries during the 2nd quarter worth $3,640,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Cavco Industries by 507.8% in the second quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company’s stock worth $3,139,000 after purchasing an additional 7,576 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CVCO. Wedbush lifted their price objective on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Craig Hallum boosted their price target on shares of Cavco Industries from $382.00 to $422.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

Insider Buying and Selling at Cavco Industries

In related news, CAO Paul Bigbee sold 88 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 1,081 shares of the company’s stock, valued at $433,913.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Cavco Industries news, SVP Steven K. Like sold 575 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were 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 of the company’s stock, valued at approximately $460,108.10. This represents a 0.00 % 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, CAO Paul Bigbee sold 88 shares of Cavco Industries stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,081 shares in the company, valued at approximately $433,913.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,663 shares of company stock valued at $1,882,930. 1.60% of the stock is owned by insiders.

Cavco Industries Price Performance

CVCO opened at $409.80 on Friday. The business has a 50 day moving average price of $420.40 and a two-hundred day moving average price of $386.27. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 23.87 and a beta of 1.24. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $452.42.

Cavco Industries (NASDAQ:CVCO) last announced 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 firm had revenue of $477.60 million during the quarter, compared to analyst estimates 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 company earned $5.29 EPS. Equities analysts expect that Cavco Industries, Inc. will post 17.35 EPS for the current fiscal year.

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.