Avantax Advisory Services Inc. Buys 55 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Avantax Advisory Services Inc. lifted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 720 shares of the construction company’s stock after purchasing an additional 55 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Cavco Industries were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Cavco Industries by 387.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after buying an additional 128 shares during the period. Blue Trust Inc. boosted its stake in Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after purchasing an additional 55 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 42 shares in the last quarter. KBC Group NV increased its stake in shares of Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company’s stock valued at $147,000 after buying an additional 86 shares during the period. Finally, iSAM Funds UK Ltd acquired a new position in shares of Cavco Industries during the third quarter valued at $208,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CVCO shares. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush reaffirmed a “neutral” rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

Cavco Industries Trading Up 1.6 %

Shares of CVCO stock opened at $530.64 on Wednesday. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08. The firm has a market capitalization of $4.30 billion, a P/E ratio of 26.11 and a beta of 1.34. The firm’s fifty day moving average price is $510.79 and its two-hundred day moving average price is $472.64.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, equities research analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Cavco Industries news, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction on Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the completion of the transaction, the insider now directly owns 1,176 shares of the company’s stock, valued at $632,688. The trade was a 45.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the sale, the director now directly owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. This trade represents a 20.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,644 shares of company stock worth $4,494,608. Insiders own 1.60% of the company’s stock.

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.