GAMMA Investing LLC Acquires 42 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

GAMMA Investing LLC raised its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 318 shares of the construction company’s stock after purchasing an additional 42 shares during the period. GAMMA Investing LLC’s holdings in Cavco Industries were worth $142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in shares of Cavco Industries by 1,610.3% in 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 buying an additional 57,278 shares during the period. Cerity Partners LLC increased its stake in Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after acquiring an additional 22,451 shares during the period. Atom Investors LP acquired a new position in Cavco Industries in the 3rd quarter valued at $7,572,000. Harbor Capital Advisors Inc. lifted its position in shares of Cavco Industries by 147.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company’s stock valued at $9,592,000 after acquiring an additional 13,331 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Cavco Industries by 6.1% during the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after purchasing an additional 12,822 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Activity at Cavco Industries

In related news, Director Julia Sze sold 125 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the sale, the director now owns 2,861 shares in the company, valued at $1,312,283.48. The trade was a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Paul Bigbee sold 100 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $512.23, for a total value of $51,223.00. Following the completion of the transaction, the chief accounting officer now owns 981 shares of the company’s stock, valued at $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,100 shares of company stock valued at $535,642. 1.60% of the stock is owned by insiders.

Cavco Industries Stock Performance

Cavco Industries stock opened at $444.33 on Friday. Cavco Industries, Inc. has a 52 week low of $304.10 and a 52 week high of $544.08. The stock has a market capitalization of $3.60 billion, a P/E ratio of 25.12 and a beta of 1.33. The stock has a fifty day moving average of $473.55 and a 200-day moving average of $425.06.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. The firm had revenue of $507.46 million for the quarter, compared to analysts’ expectations of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter in the previous year, the business posted $4.76 earnings per share. On average, research analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on CVCO. Craig Hallum boosted their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Wedbush cut shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price for the company. in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

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.