Raymond James & Associates Has $5.33 Million Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Raymond James & Associates lowered its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,442 shares of the construction company’s stock after selling 696 shares during the quarter. Raymond James & Associates owned 0.15% of Cavco Industries worth $5,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CVCO. Blue Trust Inc. grew its position in shares of Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. GAMMA Investing LLC boosted its position in Cavco Industries by 30.2% during the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after buying an additional 64 shares during the period. nVerses Capital LLC bought a new position in shares of Cavco Industries during the second quarter valued at about $138,000. SG Americas Securities LLC bought a new position in shares of Cavco Industries during the first quarter valued at about $197,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Cavco Industries in the first quarter worth about $209,000. Institutional investors own 95.56% of the company’s stock.

Insider Transactions at Cavco Industries

In related news, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the transaction, the director now directly owns 6,547 shares in the company, valued at approximately $2,679,032.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 6,547 shares in the company, valued at $2,679,032.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Steven K. Like sold 575 shares of the company’s 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 completion of the transaction, the senior vice president now owns 1,255 shares in the company, valued at $460,108.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,663 shares of company stock worth $1,882,930 in the last three months. Insiders own 1.60% of the company’s stock.

Cavco Industries Trading Up 9.0 %

NASDAQ:CVCO opened at $446.72 on Friday. Cavco Industries, Inc. has a 12 month low of $248.84 and a 12 month high of $452.42. The company has a market cap of $3.69 billion, a PE ratio of 26.02 and a beta of 1.24. The company has a 50 day simple moving average of $421.15 and a two-hundred day simple moving average of $386.80.

Cavco Industries (NASDAQ:CVCO) last released its 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). The firm had revenue of $477.60 million for the quarter, compared to analysts’ expectations of $487.80 million. Cavco Industries had a net margin of 8.12% and a return on equity of 14.23%. During the same quarter last year, the firm posted $5.29 EPS. Research analysts forecast that Cavco Industries, Inc. will post 17.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CVCO. Craig Hallum lifted their target price 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 raised their price target on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research report on Friday, October 11th.

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.