Cavco Industries, Inc. (NASDAQ:CVCO) Stake Boosted by Truist Financial Corp

Truist Financial Corp grew its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,979 shares of the construction company’s stock after acquiring an additional 571 shares during the period. Truist Financial Corp owned 0.19% of Cavco Industries worth $5,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SkyView Investment Advisors LLC boosted its holdings in Cavco Industries by 3.1% in the third quarter. SkyView Investment Advisors LLC now owns 1,554 shares of the construction company’s stock worth $413,000 after purchasing an additional 47 shares in the last quarter. Pathstone Family Office LLC boosted its holdings in Cavco Industries by 7.1% in the third quarter. Pathstone Family Office LLC now owns 1,014 shares of the construction company’s stock worth $269,000 after purchasing an additional 67 shares in the last quarter. Marks Group Wealth Management Inc boosted its holdings in Cavco Industries by 1.2% in the fourth quarter. Marks Group Wealth Management Inc now owns 7,780 shares of the construction company’s stock worth $2,697,000 after purchasing an additional 89 shares in the last quarter. Group One Trading L.P. bought a new stake in Cavco Industries in the third quarter worth $26,000. Finally, Headinvest LLC bought a new stake in Cavco Industries in the third quarter worth $26,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cavco Industries Trading Up 1.4 %

Shares of NASDAQ:CVCO opened at $377.30 on Friday. The stock has a market capitalization of $3.15 billion, a PE ratio of 19.14 and a beta of 1.16. Cavco Industries, Inc. has a 1 year low of $233.84 and a 1 year high of $400.99. The firm has a fifty day moving average price of $374.50 and a 200 day moving average price of $333.77.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). The firm had revenue of $446.77 million for the quarter, compared to analyst estimates of $428.40 million. Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. During the same period in the prior year, the firm earned $6.66 EPS. On average, sell-side analysts forecast that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total transaction of $96,188.06. Following the completion of the transaction, the chief accounting officer now owns 766 shares of the company’s stock, valued at approximately $281,221.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total transaction of $96,188.06. Following the completion of the transaction, the chief accounting officer now owns 766 shares of the company’s stock, valued at approximately $281,221.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew A. Nino sold 2,357 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $360.00, for a total transaction of $848,520.00. Following the transaction, the insider now directly owns 1,248 shares of the company’s stock, valued at approximately $449,280. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

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.