Everence Capital Management Inc. Has $593,000 Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Everence Capital Management Inc. cut its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,330 shares of the construction company’s stock after selling 620 shares during the period. Everence Capital Management Inc.’s holdings in Cavco Industries were worth $593,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in Cavco Industries by 1,610.3% in the 3rd 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 in the last quarter. Cerity Partners LLC increased its stake in shares of Cavco Industries by 91.8% in the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock valued at $20,091,000 after buying an additional 22,451 shares during the period. Atom Investors LP bought a new position in Cavco Industries in the 3rd quarter valued at approximately $7,572,000. Harbor Capital Advisors Inc. boosted its position in Cavco Industries by 147.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company’s stock worth $9,592,000 after buying an additional 13,331 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Cavco Industries by 6.1% during the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after acquiring an additional 12,822 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CVCO. Wedbush downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price target for the company. in a research note on Tuesday, December 3rd. Craig Hallum lifted their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com cut Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Cavco Industries Stock Up 1.9 %

CVCO opened at $447.28 on Friday. Cavco Industries, Inc. has a twelve month low of $304.10 and a twelve month high of $544.08. The company has a fifty day moving average of $471.12 and a 200-day moving average of $422.61. The stock has a market cap of $3.63 billion, a PE ratio of 25.28 and a beta of 1.33.

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

Insiders Place Their Bets

In other Cavco Industries 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 value 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 trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the director now directly owns 2,086 shares of the company’s stock, valued at approximately $1,012,878.16. This trade represents a 26.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,100 shares of company stock worth $535,642. 1.60% of the stock is owned by corporate insiders.

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.