Crossmark Global Holdings Inc. Boosts Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Crossmark Global Holdings Inc. boosted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 622 shares of the construction company’s stock after acquiring an additional 138 shares during the period. Crossmark Global Holdings Inc.’s holdings in Cavco Industries were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Avanza Fonder AB purchased a new stake in Cavco Industries during the fourth quarter valued at approximately $211,000. Park Avenue Securities LLC lifted its position in Cavco Industries by 30.8% during the fourth quarter. Park Avenue Securities LLC now owns 1,369 shares of the construction company’s stock valued at $611,000 after acquiring an additional 322 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Cavco Industries by 2.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 23,041 shares of the construction company’s stock valued at $10,282,000 after acquiring an additional 642 shares during the last quarter. GAMMA Investing LLC increased its stake in Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after purchasing an additional 42 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Cavco Industries by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company’s stock valued at $15,368,000 after purchasing an additional 12,780 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analyst Ratings Changes

CVCO has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Wedbush lowered shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price target on the stock. in a research note on Tuesday, December 3rd. Finally, Craig Hallum upped their price target 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.

Cavco Industries Price Performance

NASDAQ:CVCO opened at $473.05 on Tuesday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 26.74 and a beta of 1.33. Cavco Industries, Inc. has a 1-year low of $324.77 and a 1-year high of $544.08. The company’s fifty day moving average price is $474.13 and its 200-day moving average price is $435.69.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data 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 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 quarter in the prior year, the business earned $4.76 earnings per share. Equities analysts anticipate that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Insider Transactions at Cavco Industries

In other news, Director Susan L. Blount sold 750 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $485.56, for a total value of $364,170.00. Following the sale, the director now owns 2,086 shares in the company, valued at $1,012,878.16. This represents a 26.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $57,335.00. Following the completion of the sale, the director now 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 have sold 1,850 shares of company stock worth $889,417 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Cavco Industries 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.