Cavco Industries, Inc. (NASDAQ:CVCO) Shares Bought by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lifted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 3.0% during the fourth quarter, HoldingsChannel reports. The fund owned 5,275 shares of the construction company’s stock after acquiring an additional 152 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Cavco Industries were worth $2,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CVCO. Geode Capital Management LLC lifted its holdings in Cavco Industries by 6.1% in the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock valued at $96,107,000 after acquiring an additional 12,822 shares during the period. Boston Trust Walden Corp lifted its stake in shares of Cavco Industries by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company’s stock valued at $86,522,000 after purchasing an additional 614 shares during the period. FMR LLC boosted its holdings in Cavco Industries by 7.0% during the third quarter. FMR LLC now owns 135,444 shares of the construction company’s stock worth $58,002,000 after buying an additional 8,829 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Cavco Industries by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company’s stock worth $46,872,000 after buying an additional 5,935 shares during the period. Finally, Fisher Asset Management LLC grew its position in Cavco Industries by 8.5% during the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after buying an additional 5,620 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Cavco Industries Price Performance

Shares of Cavco Industries stock opened at $524.53 on Friday. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08. The business has a 50 day moving average price of $486.93 and a 200 day moving average price of $457.59. The company has a market capitalization of $4.25 billion, a P/E ratio of 25.81 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last released 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, research analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Insider Activity at Cavco Industries

In other news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total transaction of $353,775.00. Following the completion of the sale, the director now directly owns 2,836 shares in the company, valued at $1,337,741.20. The trade was a 20.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Julia Sze sold 125 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $503.31, for a total transaction of $62,913.75. Following the completion of the transaction, the director now directly owns 2,736 shares of the company’s stock, valued at approximately $1,377,056.16. This represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,519 shares of company stock valued at $2,806,172. 1.60% of the stock is owned by insiders.

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.