Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,385 shares of the construction company’s stock after selling 43 shares during the period. Amalgamated Bank’s holdings in Cavco Industries were worth $1,064,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its position in shares of 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. Cerity Partners LLC lifted 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings in Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after acquiring an additional 82 shares during the period. Principal Financial Group Inc. grew its position in Cavco Industries by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company’s stock valued at $18,797,000 after acquiring an additional 790 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in Cavco Industries during the fourth quarter worth about $425,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Activity

In related news, Director Susan L. Blount sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the completion of the transaction, the director now directly owns 2,836 shares of the company’s stock, valued at $1,438,362.48. This represents a 41.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julia Sze sold 125 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $503.31, for a total transaction of $62,913.75. Following the sale, the director now owns 2,736 shares of the company’s stock, valued at $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 three months, insiders have sold 5,519 shares of company stock worth $2,806,172. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries Stock Performance

Shares of CVCO opened at $518.42 on Tuesday. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08. The stock has a market capitalization of $4.20 billion, a PE ratio of 25.51 and a beta of 1.35. The stock has a 50-day simple moving average of $488.39 and a 200-day simple moving average of $459.64.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. Analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Cavco Industries Company 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.