Amalgamated Bank Acquires 29 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Amalgamated Bank grew its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,428 shares of the construction company’s stock after buying an additional 29 shares during the quarter. Amalgamated Bank’s holdings in Cavco Industries were worth $1,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Cavco Industries by 9,900.0% in the second quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after acquiring an additional 99 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after buying an additional 82 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Cavco Industries by 30.2% during the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after acquiring an additional 64 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Cavco Industries during the second quarter valued at $138,000. Finally, SG Americas Securities LLC bought a new position in Cavco Industries in the first quarter valued at about $197,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Trading Down 0.3 %

NASDAQ CVCO opened at $466.18 on Thursday. Cavco Industries, Inc. has a 12 month low of $264.88 and a 12 month high of $484.80. The company has a market capitalization of $3.78 billion, a PE ratio of 26.28 and a beta of 1.24. The stock has a 50-day simple moving average of $429.37 and a 200 day simple moving average of $392.20.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The company had revenue of $507.46 million during the quarter, compared to analysts’ expectations of $480.10 million. During the same period in the prior year, the business posted $4.76 EPS. As a group, sell-side analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CVCO has been the subject of several recent research reports. Craig Hallum boosted their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Wedbush raised their price objective on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Julia Sze sold 125 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the sale, the director now directly owns 2,861 shares in the company, valued at $1,312,283.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the completion of the transaction, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the completion of the sale, the director now directly owns 2,861 shares in the company, valued at $1,312,283.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,213 shares of company stock valued at $1,729,458. Company 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.