Cavco Industries, Inc. (NASDAQ:CVCO) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,453 shares of the construction company’s stock after buying an additional 5,935 shares during the period. Charles Schwab Investment Management Inc. owned about 1.35% of Cavco Industries worth $46,872,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in shares of Cavco Industries by 507.8% during the 2nd 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 during the last quarter. Thrivent Financial for Lutherans raised its stake in Cavco Industries by 37.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 9,456 shares of the construction company’s stock valued at $3,274,000 after purchasing an additional 2,558 shares during the last quarter. Quest Partners LLC acquired a new position in Cavco Industries in the 2nd quarter valued at approximately $931,000. Blue Trust Inc. boosted its stake in Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after buying an additional 90 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Stock Down 0.3 %

CVCO opened at $514.50 on Monday. The company has a fifty day simple moving average of $449.40 and a 200 day simple moving average of $403.05. The stock has a market cap of $4.17 billion, a P/E ratio of 29.08 and a beta of 1.24. Cavco Industries, Inc. has a 12 month low of $279.50 and a 12 month high of $544.08.

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. The business had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same period last year, the business posted $4.76 earnings per share. On average, equities research analysts expect that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Insider Transactions at Cavco Industries

In related news, Director Julia Sze sold 125 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now owns 2,861 shares in the company, valued at approximately $1,312,283.48. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Paul Bigbee sold 88 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 1,081 shares in the company, valued at approximately $433,913.40. This represents a 7.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,313 shares of company stock valued at $1,780,681 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CVCO has been the topic of several recent analyst reports. Craig Hallum boosted their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Wedbush increased their price objective on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a report on Friday, October 11th.

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.