Cavco Industries, Inc. (NASDAQ:CVCO) Stock Position Decreased by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 6.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 64,517 shares of the construction company’s stock after selling 4,640 shares during the quarter. Fisher Asset Management LLC’s holdings in Cavco Industries were worth $22,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Moran Wealth Management LLC grew its position in shares of Cavco Industries by 5.4% during the 4th quarter. Moran Wealth Management LLC now owns 893 shares of the construction company’s stock valued at $310,000 after buying an additional 46 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Cavco Industries by 3.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,554 shares of the construction company’s stock valued at $413,000 after buying an additional 47 shares during the last quarter. Seven Eight Capital LP grew its position in shares of Cavco Industries by 3.8% during the 4th quarter. Seven Eight Capital LP now owns 1,399 shares of the construction company’s stock valued at $485,000 after buying an additional 51 shares during the last quarter. Pathstone Family Office LLC grew its position in shares of Cavco Industries by 7.1% during the 3rd quarter. Pathstone Family Office LLC now owns 1,014 shares of the construction company’s stock valued at $269,000 after buying an additional 67 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its position in Cavco Industries by 1.2% in the 4th quarter. Marks Group Wealth Management Inc now owns 7,780 shares of the construction company’s stock worth $2,697,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Trading Down 0.8 %

NASDAQ CVCO opened at $354.82 on Wednesday. Cavco Industries, Inc. has a 52 week low of $233.84 and a 52 week high of $400.99. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 19.34 and a beta of 1.25. The company has a 50-day moving average price of $362.99 and a two-hundred day moving average price of $355.21.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, May 23rd. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $5.13 by ($1.10). Cavco Industries had a return on equity of 15.46% and a net margin of 8.79%. The firm had revenue of $420.12 million during the quarter, compared to the consensus estimate of $499.50 million. As a group, equities research analysts expect that Cavco Industries, Inc. will post 19.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush upped their target price on shares of Cavco Industries from $380.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th.

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.