Aristides Capital LLC Buys 1,020 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Aristides Capital LLC raised its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 150.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,699 shares of the construction company’s stock after purchasing an additional 1,020 shares during the period. Aristides Capital LLC’s holdings in Cavco Industries were worth $588,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after acquiring an additional 99 shares during the period. Mather Group LLC. acquired a new stake in Cavco Industries during the 1st quarter worth about $60,000. nVerses Capital LLC acquired a new stake in Cavco Industries during the 2nd quarter worth about $138,000. SG Americas Securities LLC acquired a new stake in Cavco Industries during the 1st quarter worth about $197,000. Finally, TradeLink Capital LLC acquired a new stake in Cavco Industries during the 2nd quarter worth about $202,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Price Performance

Shares of CVCO opened at $428.24 on Tuesday. The stock has a 50-day moving average of $402.76 and a 200-day moving average of $379.14. The company has a market cap of $3.54 billion, a PE ratio of 23.34 and a beta of 1.24. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $444.90.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.86). The company had revenue of $477.60 million for the quarter, compared to analyst estimates of $487.80 million. Cavco Industries had a net margin of 8.12% and a return on equity of 14.23%. During the same quarter last year, the firm posted $5.29 EPS. Analysts expect that Cavco Industries, Inc. will post 17.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVCO has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and set a $425.00 price target on shares of Cavco Industries in a report on Friday, August 2nd. Craig Hallum raised their target price on Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the completion of the transaction, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cavco Industries news, CAO Paul Bigbee sold 88 shares of Cavco Industries stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at approximately $433,913.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the transaction, the director now directly owns 6,547 shares in the company, valued at approximately $2,679,032.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,663 shares of company stock worth $1,882,930. 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.