Crossmark Global Holdings Inc. Purchases Shares of 484 Cavco Industries, Inc. (NASDAQ:CVCO)

Crossmark Global Holdings Inc. acquired a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 484 shares of the construction company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CVCO. Blue Trust Inc. lifted its holdings in Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after purchasing an additional 99 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after buying an additional 82 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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. nVerses Capital LLC bought a new position in shares of Cavco Industries in the second quarter valued at approximately $138,000. Finally, SG Americas Securities LLC acquired a new position in shares of Cavco Industries in the 1st quarter worth approximately $197,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the completion of the sale, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. This represents a 37.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Julia Sze sold 125 shares of the 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 completion of the transaction, the director now directly owns 2,861 shares in the company, valued at $1,312,283.48. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,213 shares of company stock valued at $1,729,458 over the last ninety days. Insiders own 1.60% of the company’s stock.

Cavco Industries Stock Performance

Shares of CVCO opened at $466.02 on Tuesday. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 26.38 and a beta of 1.24. Cavco Industries, Inc. has a 52 week low of $271.48 and a 52 week high of $484.80. The business’s fifty day moving average price is $433.31 and its two-hundred day moving average price is $394.26.

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

Wall Street Analyst Weigh In

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

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.