Thrivent Financial for Lutherans Buys 37 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Thrivent Financial for Lutherans boosted its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,493 shares of the construction company’s stock after acquiring an additional 37 shares during the period. Thrivent Financial for Lutherans’ holdings in Cavco Industries were worth $4,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Trust Walden Corp grew its stake in Cavco Industries by 0.8% during the second quarter. Boston Trust Walden Corp now owns 196,046 shares of the construction company’s stock worth $67,865,000 after purchasing an additional 1,541 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Cavco Industries by 1,610.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock worth $26,052,000 after buying an additional 57,278 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Cavco Industries by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 57,986 shares of the construction company’s stock valued at $24,832,000 after acquiring an additional 800 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Cavco Industries by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,448 shares of the construction company’s stock valued at $11,925,000 after acquiring an additional 331 shares during the period. Finally, AYAL Capital Advisors Ltd boosted its stake in Cavco Industries by 61.4% during the second quarter. AYAL Capital Advisors Ltd now owns 29,861 shares of the construction company’s stock worth $10,337,000 after acquiring an additional 11,361 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Trading Up 3.8 %

Cavco Industries stock opened at $512.91 on Monday. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 28.99 and a beta of 1.24. The firm’s fifty day moving average price is $440.64 and its two-hundred day moving average price is $397.87. Cavco Industries, Inc. has a 1-year low of $271.48 and a 1-year high of $513.72.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter in the previous year, the business earned $4.76 EPS. On average, research analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Craig Hallum upped their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Wedbush raised their price objective on 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

In other Cavco Industries news, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares of the company’s stock, valued at $1,312,283.48. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Paul Bigbee sold 88 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total value of $35,323.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,081 shares of the company’s stock, valued at approximately $433,913.40. This represents a 7.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,213 shares of company stock worth $1,729,458. 1.60% of the stock is owned by corporate insiders.

About Cavco Industries

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.