Amundi Has $1.82 Million Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Amundi raised its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 181.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,089 shares of the construction company’s stock after purchasing an additional 2,636 shares during the period. Amundi owned 0.05% of Cavco Industries worth $1,817,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. SkyView Investment Advisors LLC lifted its holdings in Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after buying an additional 31 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Cavco Industries by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock worth $4,066,000 after acquiring an additional 37 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after purchasing an additional 42 shares during the period. Blue Trust Inc. boosted its position in shares of Cavco Industries by 28.9% during the 4th 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. Finally, Sheets Smith Wealth Management grew its stake in Cavco Industries by 3.4% during the fourth quarter. Sheets Smith Wealth Management now owns 2,084 shares of the construction company’s stock worth $930,000 after purchasing an additional 69 shares during the period. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Performance

CVCO stock opened at $506.60 on Tuesday. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The stock’s 50 day simple moving average is $501.60 and its 200 day simple moving average is $467.78. The company has a market cap of $4.11 billion, a P/E ratio of 24.93 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last issued 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 return on equity of 16.17% and a net margin of 8.75%. Equities analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Insider Activity

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of Cavco Industries 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew A. Nino sold 894 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the sale, the insider now directly owns 771 shares of the company’s stock, valued at $407,882.13. This represents a 53.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock worth $4,494,608 over the last three months. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CVCO. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Wedbush reissued a “neutral” rating and set a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

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.