Cavco Industries, Inc. (NASDAQ:CVCO) Holdings Increased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,226 shares of the construction company’s stock after acquiring an additional 89 shares during the period. Marks Group Wealth Management Inc’s holdings in Cavco Industries were worth $5,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Amalgamated Bank lifted its position in Cavco Industries by 1.2% in the third quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock worth $1,040,000 after purchasing an additional 29 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after buying an additional 31 shares during the period. Thrivent Financial for Lutherans boosted its stake in Cavco Industries by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock valued at $4,066,000 after buying an additional 37 shares in the last quarter. GAMMA Investing LLC grew its holdings in Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after acquiring an additional 42 shares during the period. Finally, Blue Trust Inc. grew its holdings in Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Stock Up 0.5 %

Shares of Cavco Industries stock opened at $530.79 on Wednesday. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The firm has a market capitalization of $4.30 billion, a PE ratio of 26.12 and a beta of 1.35. The stock’s fifty day moving average is $474.56 and its 200-day moving average is $444.46.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share (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%. Analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Cavco Industries news, CAO Paul Bigbee sold 100 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the completion of the sale, the chief accounting officer now directly owns 981 shares in the company, valued at approximately $502,497.63. This trade represents a 9.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $485.56, for a total value of $364,170.00. Following the transaction, the director now directly owns 2,086 shares in the company, valued at approximately $1,012,878.16. This trade represents a 26.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,619 shares of company stock worth $2,857,395 over the last 90 days. 1.60% of the stock is owned by company 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.