KBC Group NV Acquires 86 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

KBC Group NV boosted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330 shares of the construction company’s stock after purchasing an additional 86 shares during the period. KBC Group NV’s holdings in Cavco Industries were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in shares of 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 valued at $26,052,000 after buying an additional 57,278 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 in the last quarter. Atom Investors LP purchased a new position in Cavco Industries during the 3rd quarter valued at $7,572,000. Harbor Capital Advisors Inc. raised its holdings in Cavco Industries by 147.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company’s stock worth $9,592,000 after purchasing an additional 13,331 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Cavco Industries by 6.1% in the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after purchasing an additional 12,822 shares during the period. Institutional investors own 95.56% of the company’s stock.

Insider Buying and Selling

In related news, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $485.56, for a total value of $364,170.00. Following the transaction, the director now owns 2,086 shares in the company, valued at $1,012,878.16. The trade was a 26.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Paul Bigbee sold 100 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $512.23, for a total transaction of $51,223.00. Following the sale, the chief accounting officer now directly owns 981 shares in the company, valued at $502,497.63. This trade represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,619 shares of company stock worth $2,319,395 in the last 90 days. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

CVCO has been the topic of several research analyst reports. Craig Hallum boosted their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Wedbush reiterated a “neutral” rating and set a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a report on Monday. Finally, StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday.

Cavco Industries Price Performance

NASDAQ:CVCO opened at $537.22 on Friday. The firm’s 50-day moving average price is $473.68 and its 200-day moving average price is $441.41. The company has a market capitalization of $4.36 billion, a PE 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 announced its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

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.