Blue Trust Inc. Increases Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Blue Trust Inc. boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 28.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 245 shares of the construction company’s stock after acquiring an additional 55 shares during the period. Blue Trust Inc.’s holdings in Cavco Industries were worth $105,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in shares of Cavco Industries by 8.5% during the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after buying an additional 5,620 shares during the period. Cerity Partners LLC boosted its holdings in 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 acquiring an additional 22,451 shares during the last quarter. Farther Finance Advisors LLC grew its position in Cavco Industries by 390.5% during 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. Barclays PLC increased its stake in Cavco Industries by 162.0% during the third quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock worth $7,381,000 after acquiring an additional 10,656 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Cavco Industries by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company’s stock worth $15,368,000 after purchasing an additional 12,780 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cavco Industries

In other news, insider Matthew A. Nino sold 894 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the sale, the insider now directly owns 771 shares of the company’s stock, valued at $407,882.13. This represents a 53.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $503.31, for a total value of $62,913.75. Following the transaction, the director now owns 2,736 shares in the company, valued at $1,377,056.16. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,619 shares of company stock valued at $2,319,395 over the last quarter. 1.60% of the stock is owned by company insiders.

Cavco Industries Trading Up 0.6 %

NASDAQ:CVCO opened at $537.22 on Friday. The business’s fifty day moving average price is $473.68 and its 200 day moving average price is $441.41. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 26.44 and a beta of 1.35. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.25%. Equities analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Craig Hallum lifted their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wedbush restated a “neutral” rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research note on Monday. Finally, StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday.

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.