BNP Paribas Financial Markets Has $3.34 Million Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

BNP Paribas Financial Markets grew its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 25.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,809 shares of the construction company’s stock after buying an additional 1,586 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of Cavco Industries worth $3,344,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Boston Trust Walden Corp boosted its holdings in shares of 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. FMR LLC raised its position in Cavco Industries by 7.0% during the third quarter. FMR LLC now owns 135,444 shares of the construction company’s stock valued at $58,002,000 after acquiring an additional 8,829 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Cavco Industries by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company’s stock valued at $46,872,000 after acquiring an additional 5,935 shares in the last quarter. Fisher Asset Management LLC raised its position in Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after acquiring an additional 5,620 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Cavco Industries by 1,610.3% during the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock valued at $26,052,000 after acquiring an additional 57,278 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Paul Bigbee sold 100 shares of Cavco Industries stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the sale, the chief accounting officer now owns 981 shares in the company, valued at $502,497.63. This represents a 9.25 % 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 currently owned by company insiders.

Cavco Industries Stock Down 1.6 %

NASDAQ:CVCO opened at $498.05 on Friday. Cavco Industries, Inc. has a 12 month low of $296.05 and a 12 month high of $544.08. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 28.15 and a beta of 1.29. The company’s 50 day moving average is $455.96 and its 200-day moving average is $406.41.

Cavco Industries (NASDAQ:CVCO) last released 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 net margin of 8.00% and a return on equity of 14.38%. The company had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. During the same quarter last year, the firm posted $4.76 earnings per share. Research analysts predict that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CVCO shares. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Wedbush lowered shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective on the stock. in a research report on Tuesday. Finally, Craig Hallum raised their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

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.