American Century Companies Inc. Sells 2,911 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

American Century Companies Inc. decreased its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.5% in the 2nd quarter, Holdings Channel reports. The fund owned 194,274 shares of the construction company’s stock after selling 2,911 shares during the quarter. American Century Companies Inc.’s holdings in Cavco Industries were worth $67,252,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Cavco Industries by 9,900.0% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after purchasing an additional 99 shares during the period. Mather Group LLC. acquired a new position in shares of Cavco Industries during the first quarter worth about $60,000. nVerses Capital LLC bought a new position in shares of Cavco Industries during the second quarter worth about $138,000. SG Americas Securities LLC acquired a new stake in Cavco Industries in the 1st quarter valued at approximately $197,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Cavco Industries in the 1st quarter valued at approximately $209,000. Institutional investors own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CVCO shares. Craig Hallum lifted 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 restated an “outperform” rating and set a $425.00 price objective on shares of Cavco Industries in a research note on Friday, August 2nd.

Cavco Industries Stock Up 2.8 %

Shares of Cavco Industries stock opened at $427.53 on Monday. The stock has a market cap of $3.53 billion, a P/E ratio of 23.30 and a beta of 1.24. Cavco Industries, Inc. has a 12-month low of $233.84 and a 12-month high of $435.56. The business’s 50 day moving average is $391.73 and its 200-day moving average is $374.99.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $4.11 EPS for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.86). The firm had revenue of $477.60 million during the quarter, compared to the consensus estimate of $487.80 million. Cavco Industries had a net margin of 8.12% and a return on equity of 14.23%. During the same period last year, the business earned $5.29 EPS. On average, sell-side analysts expect that Cavco Industries, Inc. will post 17.35 EPS for the current year.

Insider Buying and Selling

In other Cavco Industries news, CAO Paul Bigbee sold 88 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Steven K. Like sold 575 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total value of $210,806.50. Following the transaction, the senior vice president now directly owns 1,255 shares of the company’s stock, valued at $460,108.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Paul Bigbee sold 88 shares of Cavco Industries stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the sale, the chief accounting officer now directly owns 1,081 shares of the company’s stock, valued at approximately $433,913.40. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries Company 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.