Nebula Research & Development LLC Has $666,000 Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Nebula Research & Development LLC increased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the construction company’s stock after buying an additional 185 shares during the quarter. Nebula Research & Development LLC’s holdings in Cavco Industries were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CVCO. FMR LLC boosted its holdings in Cavco Industries by 118.8% during the fourth quarter. FMR LLC now owns 296,343 shares of the construction company’s stock valued at $132,237,000 after purchasing an additional 160,899 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Cavco Industries during the fourth quarter valued at approximately $5,376,000. Charles Schwab Investment Management Inc. boosted its holdings in Cavco Industries by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company’s stock valued at $49,521,000 after purchasing an additional 1,524 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Cavco Industries during the fourth quarter valued at approximately $215,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Cavco Industries during the fourth quarter valued at approximately $308,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CVCO. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Friday. Wedbush reissued a “neutral” rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Insider Activity

In related news, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the transaction, the director now owns 15,286 shares in the company, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Blount sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were 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 owns 2,836 shares in the company, valued at approximately $1,438,362.48. This represents a 41.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,894 shares of company stock valued at $4,140,833. Company insiders own 1.60% of the company’s stock.

Cavco Industries Price Performance

Shares of CVCO opened at $489.29 on Tuesday. The company has a market capitalization of $3.97 billion, a P/E ratio of 24.08 and a beta of 1.19. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The business’s 50 day simple moving average is $502.38 and its 200-day simple moving average is $483.74.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 30th. The construction company reported $6.90 EPS 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%. On average, sell-side analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

About Cavco Industries

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.