GW&K Investment Management LLC Acquires 1,931 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

GW&K Investment Management LLC boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 188,715 shares of the construction company’s stock after purchasing an additional 1,931 shares during the quarter. Cavco Industries comprises about 0.7% of GW&K Investment Management LLC’s holdings, making the stock its 25th biggest position. GW&K Investment Management LLC’s holdings in Cavco Industries were worth $84,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC boosted its stake in shares of Cavco Industries by 3.0% during the 4th quarter. Anchor Capital Advisors LLC now owns 5,275 shares of the construction company’s stock worth $2,354,000 after buying an additional 152 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Cavco Industries during the fourth quarter worth about $5,376,000. Oppenheimer Asset Management Inc. boosted its position in Cavco Industries by 3.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,497 shares of the construction company’s stock valued at $2,007,000 after purchasing an additional 131 shares during the last quarter. Robeco Schweiz AG grew its stake in Cavco Industries by 13.2% in the fourth quarter. Robeco Schweiz AG now owns 23,200 shares of the construction company’s stock valued at $10,353,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Cavco Industries by 10.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 4,565 shares of the construction company’s stock worth $2,037,000 after purchasing an additional 436 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CVCO has been the subject of several recent analyst reports. Wedbush reissued a “neutral” rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com upgraded 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 objective on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

Insider Transactions at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total transaction of $353,775.00. Following the transaction, the director now owns 2,836 shares in the company, valued at $1,337,741.20. This represents a 20.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jack S. Brandom sold 1,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the sale, the insider now directly owns 1,176 shares in the company, valued at $632,688. This represents a 45.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,519 shares of company stock worth $2,806,172. Company insiders own 1.60% of the company’s stock.

Cavco Industries Stock Down 2.3 %

NASDAQ:CVCO opened at $518.06 on Friday. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The stock’s 50 day moving average price is $485.54 and its two-hundred day moving average price is $456.46. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 25.50 and a beta of 1.35.

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

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.