Stifel Financial Corp Has $403,000 Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Stifel Financial Corp reduced its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 942 shares of the construction company’s stock after selling 87 shares during the period. Stifel Financial Corp’s holdings in Cavco Industries were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Cavco Industries by 7.0% during the 3rd quarter. FMR LLC now owns 135,444 shares of the construction company’s stock valued at $58,002,000 after acquiring an additional 8,829 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Cavco Industries by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company’s stock valued at $46,872,000 after purchasing an additional 5,935 shares in the last quarter. Fisher Asset Management LLC lifted its position in Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after purchasing an additional 5,620 shares during the period. Assenagon Asset Management S.A. lifted its position in Cavco Industries by 1,610.3% during the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock worth $26,052,000 after purchasing an additional 57,278 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Cavco Industries by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 57,986 shares of the construction company’s stock worth $24,832,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insiders Place Their Bets

In other news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $485.56, for a total transaction of $364,170.00. Following the transaction, the director now owns 2,086 shares in the company, valued at approximately $1,012,878.16. The trade was a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julia Sze sold 125 shares of the business’s stock in a transaction 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 sale, the director now directly owns 2,861 shares in the company, valued at approximately $1,312,283.48. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,100 shares of company stock valued at $535,642 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CVCO shares. StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Wedbush cut Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price for the company. in a research note on Tuesday, December 3rd. Finally, Craig Hallum raised 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.

Cavco Industries Trading Down 1.3 %

CVCO opened at $443.29 on Friday. The company’s 50 day moving average is $468.23 and its 200-day moving average is $419.50. The company has a market cap of $3.59 billion, a P/E ratio of 25.06 and a beta of 1.29. Cavco Industries, Inc. has a 1-year low of $304.10 and a 1-year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results 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. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The company had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. During the same period in the prior year, the business earned $4.76 earnings per share. On average, equities analysts forecast that Cavco Industries, Inc. will post 18 EPS 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.