Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,446 shares of the construction company’s stock after selling 198 shares during the quarter. Rhumbline Advisers’ holdings in Cavco Industries were worth $10,462,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank increased its position in shares of Cavco Industries by 1.2% in the third quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after buying an additional 29 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in Cavco Industries by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after acquiring an additional 31 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Cavco Industries by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock valued at $4,066,000 after acquiring an additional 37 shares in the last quarter. GAMMA Investing LLC raised its position in Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after acquiring an additional 42 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after purchasing an additional 55 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cavco Industries

In other news, insider Jack S. Brandom sold 1,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $538.00, for a total transaction of $538,000.00. Following the completion of the transaction, the insider now owns 1,176 shares of the company’s stock, valued at $632,688. This represents a 45.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan L. Blount sold 2,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the transaction, the director now owns 2,836 shares in the company, valued at approximately $1,438,362.48. The trade was a 41.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,519 shares of company stock worth $2,806,172 over the last quarter. 1.60% of the stock is currently owned by insiders.

Cavco Industries Price Performance

Shares of NASDAQ CVCO opened at $520.81 on Monday. The company has a 50-day simple moving average of $480.38 and a 200-day simple moving average of $453.23. The company has a market cap of $4.22 billion, a PE ratio of 25.63 and a beta of 1.35. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analyst Upgrades and Downgrades

CVCO has been the subject of several research reports. Craig Hallum lifted their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wedbush reissued a “neutral” rating and set a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. Finally, StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

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.