Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 56.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,610 shares of the construction company’s stock after selling 4,713 shares during the quarter. Victory Capital Management Inc.’s holdings in Cavco Industries were worth $1,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in shares of Cavco Industries by 1,610.3% in the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock worth $26,052,000 after acquiring an additional 57,278 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Cavco Industries by 147.0% during the third quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company’s stock worth $9,592,000 after purchasing an additional 13,331 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Cavco Industries in the 2nd quarter valued at $4,245,000. AYAL Capital Advisors Ltd grew its stake in shares of 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 buying an additional 11,361 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in shares of Cavco Industries during the 2nd quarter worth $3,640,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Julia Sze sold 125 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the sale, the director now directly owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction 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 owns 1,081 shares in the company, valued at $433,913.40. This represents a 7.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,213 shares of company stock valued at $1,729,458. Corporate insiders own 1.60% of the company’s stock.

Cavco Industries Trading Up 4.0 %

NASDAQ:CVCO opened at $533.17 on Tuesday. The firm’s fifty day simple moving average is $442.76 and its 200 day simple moving average is $399.15. Cavco Industries, Inc. has a twelve month low of $271.48 and a twelve month high of $544.08. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 30.14 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 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 company had revenue of $507.46 million for the quarter, compared to analysts’ expectations of $480.10 million. During the same quarter in the previous year, the firm posted $4.76 earnings per share. On average, analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current 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.