McClarren Financial Advisors Inc. Purchases Shares of 953 Cavco Industries, Inc. (NASDAQ:CVCO)

McClarren Financial Advisors Inc. purchased a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) in the 4th quarter, Holdings Channel reports. The fund purchased 953 shares of the construction company’s stock, valued at approximately $425,000. Cavco Industries accounts for about 1.2% of McClarren Financial Advisors Inc.’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new position in Cavco Industries in the 3rd quarter worth $64,000. Blue Trust Inc. lifted its position in Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after purchasing an additional 90 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 valued at $142,000 after purchasing an additional 42 shares during the period. Finally, KBC Group NV increased its position in Cavco Industries by 35.2% in the fourth quarter. KBC Group NV now owns 330 shares of the construction company’s stock worth $147,000 after buying an additional 86 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

CVCO has been the topic of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research 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 upped 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 news, Director Susan L. Blount sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the completion of the transaction, the director now owns 2,836 shares in the company, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the completion of the sale, the insider now directly owns 1,176 shares in the company, valued at $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,619 shares of company stock worth $2,857,395 over the last quarter. Insiders own 1.60% of the company’s stock.

Cavco Industries Stock Down 1.1 %

NASDAQ:CVCO opened at $524.85 on Thursday. The business’s 50-day simple moving average is $474.94 and its two-hundred day simple moving average is $445.25. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The stock has a market cap of $4.26 billion, a PE ratio of 25.83 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal 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.