Farther Finance Advisors LLC Has $44,000 Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Farther Finance Advisors LLC boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 390.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103 shares of the construction company’s stock after acquiring an additional 82 shares during the period. Farther Finance Advisors LLC’s holdings in Cavco Industries were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Cavco Industries by 12.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,923 shares of the construction company’s stock worth $767,000 after acquiring an additional 218 shares during the period. SG Americas Securities LLC bought a new stake in Cavco Industries in the first quarter valued at about $197,000. Russell Investments Group Ltd. lifted its stake in Cavco Industries by 2.5% in the first quarter. Russell Investments Group Ltd. now owns 9,058 shares of the construction company’s stock valued at $3,615,000 after buying an additional 224 shares during the period. ProShare Advisors LLC boosted its holdings in Cavco Industries by 3.3% during the first quarter. ProShare Advisors LLC now owns 1,676 shares of the construction company’s stock worth $669,000 after buying an additional 54 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Cavco Industries by 28.8% during the first quarter. First Eagle Investment Management LLC now owns 12,328 shares of the construction company’s stock worth $4,920,000 after buying an additional 2,760 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CVCO shares. Wedbush increased their price target on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Craig Hallum lifted their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Julia Sze sold 125 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the transaction, the director now owns 2,861 shares of the company’s stock, valued at $1,312,283.48. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $1,636,800.00. Following the completion of the sale, the director now owns 6,547 shares in the company, valued at $2,679,032.40. This trade represents a 37.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,213 shares of company stock valued at $1,729,458 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Cavco Industries Stock Performance

Shares of CVCO opened at $464.95 on Friday. The stock has a 50 day simple moving average of $430.71 and a 200 day simple moving average of $392.72. Cavco Industries, Inc. has a 52-week low of $271.48 and a 52-week high of $484.80. The firm has a market capitalization of $3.77 billion, a PE ratio of 26.28 and a beta of 1.24.

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

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.