Aristides Capital LLC Has $588,000 Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Aristides Capital LLC boosted its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 150.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,699 shares of the construction company’s stock after buying an additional 1,020 shares during the period. Aristides Capital LLC’s holdings in Cavco Industries were worth $588,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning grew its stake in Cavco Industries by 116.8% in the 2nd quarter. Creative Planning now owns 1,136 shares of the construction company’s stock valued at $393,000 after buying an additional 612 shares during the last quarter. Algert Global LLC bought a new stake in Cavco Industries in the 2nd quarter valued at about $262,000. The Manufacturers Life Insurance Company boosted its holdings in Cavco Industries by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,602 shares of the construction company’s stock valued at $1,593,000 after purchasing an additional 87 shares during the period. AYAL Capital Advisors Ltd boosted its holdings in Cavco Industries by 61.4% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 29,861 shares of the construction company’s stock valued at $10,337,000 after purchasing an additional 11,361 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Cavco Industries in the 2nd quarter valued at about $594,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CVCO. Craig Hallum boosted their price objective on shares of Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a report on Monday, August 5th. Wedbush reissued an “outperform” rating and issued a $425.00 price objective on shares of Cavco Industries in a report on Friday, August 2nd.

Cavco Industries Trading Down 0.8 %

Shares of Cavco Industries stock opened at $428.24 on Tuesday. The company has a 50 day moving average of $402.76 and a 200-day moving average of $379.14. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $444.90. The company has a market cap of $3.54 billion, a PE ratio of 23.34 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.86). Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. The firm had revenue of $477.60 million for the quarter, compared to the consensus estimate of $487.80 million. During the same period last year, the company posted $5.29 EPS. Research analysts forecast that Cavco Industries, Inc. will post 17.35 earnings per share for the current year.

Insider Buying and Selling at Cavco Industries

In other news, SVP Steven K. Like sold 575 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total transaction of $210,806.50. Following the completion of the transaction, the senior vice president now directly owns 1,255 shares in the company, valued at $460,108.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the completion of the transaction, the director now directly owns 6,547 shares in the company, valued at approximately $2,679,032.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven K. Like sold 575 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total value of $210,806.50. Following the completion of the transaction, the senior vice president now owns 1,255 shares of the company’s stock, valued at $460,108.10. The disclosure for this sale can be found here. Insiders have sold 4,663 shares of company stock worth $1,882,930 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

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.