Intech Investment Management LLC Has $931,000 Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Intech Investment Management LLC lifted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 182.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,174 shares of the construction company’s stock after buying an additional 1,404 shares during the quarter. Intech Investment Management LLC’s holdings in Cavco Industries were worth $931,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in Cavco Industries by 507.8% during the second quarter. Harbor Capital Advisors Inc. now owns 9,068 shares of the construction company’s stock valued at $3,139,000 after purchasing an additional 7,576 shares during the period. Thrivent Financial for Lutherans grew its holdings in Cavco Industries by 37.1% during the second quarter. Thrivent Financial for Lutherans now owns 9,456 shares of the construction company’s stock valued at $3,274,000 after purchasing an additional 2,558 shares during the period. Quest Partners LLC acquired a new position in Cavco Industries during the second quarter valued at approximately $931,000. Blue Trust Inc. grew its holdings in Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after purchasing an additional 90 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Stock Down 1.0 %

Cavco Industries stock opened at $515.86 on Friday. The stock has a market capitalization of $4.18 billion, a PE ratio of 29.16 and a beta of 1.24. Cavco Industries, Inc. has a twelve month low of $271.48 and a twelve month high of $544.08. The company has a 50 day moving average of $447.82 and a 200-day moving average of $401.78.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wedbush boosted their price objective on shares of Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a report on Friday, October 11th. Craig Hallum boosted their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

Insider Transactions at Cavco Industries

In other news, Director Julia Sze sold 125 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now owns 2,861 shares of the company’s stock, valued at $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the completion of the sale, the chief accounting officer now directly owns 1,081 shares in the company, valued at approximately $433,913.40. This represents a 7.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,313 shares of company stock valued at $1,780,681 over the last 90 days. 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.