Trivant Custom Portfolio Group LLC Trims Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Trivant Custom Portfolio Group LLC lessened its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 71.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90 shares of the construction company’s stock after selling 225 shares during the quarter. Trivant Custom Portfolio Group LLC’s holdings in Cavco Industries were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. increased its holdings 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 acquiring an additional 99 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Cavco Industries during the 1st quarter valued at $60,000. nVerses Capital LLC purchased a new position in shares of Cavco Industries during the 2nd quarter valued at $138,000. SG Americas Securities LLC bought a new position in Cavco Industries in the 1st quarter worth $197,000. Finally, TradeLink Capital LLC bought a new position in Cavco Industries in the 2nd quarter worth $202,000. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Price Performance

Shares of NASDAQ CVCO traded down $7.24 during midday trading on Friday, reaching $422.28. 53,313 shares of the stock traded hands, compared to its average volume of 66,099. The company’s 50 day moving average is $405.40 and its 200 day moving average is $381.09. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $444.90. The stock has a market capitalization of $3.49 billion, a PE ratio of 23.01 and a beta of 1.24.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.97 by ($0.86). Cavco Industries had a net margin of 8.12% and a return on equity of 14.23%. The business had revenue of $477.60 million for the quarter, compared to the consensus estimate of $487.80 million. During the same quarter last year, the business earned $5.29 EPS. As a group, equities analysts forecast that Cavco Industries, Inc. will post 17.35 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CVCO shares. Craig Hallum boosted their price objective on Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Wedbush reissued an “outperform” rating and set a $425.00 target price on shares of Cavco Industries in a research note on Friday, August 2nd.

Insider Activity at Cavco Industries

In related news, SVP Steven K. Like sold 575 shares of Cavco Industries stock in a transaction dated Tuesday, August 6th. The stock was 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 in the company, valued at approximately $460,108.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the sale, the director now owns 6,547 shares of the company’s stock, valued at approximately $2,679,032.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steven K. Like sold 575 shares of Cavco Industries stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $366.62, for a total transaction of $210,806.50. Following the transaction, the senior vice president now directly owns 1,255 shares of the company’s stock, valued at approximately $460,108.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,663 shares of company stock valued at $1,882,930. 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.