Boston Partners Has $1.61 Million Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Boston Partners decreased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,613 shares of the construction company’s stock after selling 222 shares during the quarter. Boston Partners’ holdings in Cavco Industries were worth $1,612,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Cavco Industries by 6.1% during the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after buying an additional 12,822 shares during the last quarter. Boston Trust Walden Corp increased its holdings 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 worth $86,522,000 after purchasing an additional 614 shares during the period. GW&K Investment Management LLC raised its position in Cavco Industries by 1.0% during the fourth quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company’s stock valued at $84,210,000 after purchasing an additional 1,931 shares in the last quarter. FMR LLC grew its holdings in shares of Cavco Industries by 7.0% during the 3rd quarter. FMR LLC now owns 135,444 shares of the construction company’s stock valued at $58,002,000 after purchasing an additional 8,829 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Cavco Industries by 1.4% in 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 acquiring an additional 1,524 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Cavco Industries Trading Down 1.6 %

NASDAQ:CVCO opened at $512.89 on Friday. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The company has a market capitalization of $4.16 billion, a P/E ratio of 25.24 and a beta of 1.34. The firm has a fifty day simple moving average of $507.60 and a 200-day simple moving average of $469.85.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly 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%. Equities analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insider Activity

In related news, insider Matthew A. Nino sold 894 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total transaction of $472,952.82. Following the transaction, the insider now owns 771 shares of the company’s stock, valued at $407,882.13. This trade represents a 53.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of the sale, the director now owns 2,836 shares in the company, valued at approximately $1,337,741.20. This trade represents a 20.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,644 shares of company stock valued at $4,494,608. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush reaffirmed a “neutral” rating and issued a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

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.