Robeco Schweiz AG Purchases 2,700 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Robeco Schweiz AG lifted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 13.2% during the fourth quarter, HoldingsChannel reports. The firm owned 23,200 shares of the construction company’s stock after buying an additional 2,700 shares during the quarter. Robeco Schweiz AG’s holdings in Cavco Industries were worth $10,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after buying an additional 82 shares during the period. Avior Wealth Management LLC bought a new stake in shares of Cavco Industries in the third quarter worth about $64,000. Blue Trust Inc. raised its position in shares of Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after purchasing an additional 42 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company’s stock valued at $147,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Buying and Selling

In related news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the sale, the director now owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julia Sze sold 125 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $503.31, for a total value of $62,913.75. Following the transaction, the director now directly owns 2,736 shares of the company’s stock, valued at $1,377,056.16. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,519 shares of company stock worth $2,806,172. 1.60% of the stock is owned by insiders.

Cavco Industries Price Performance

CVCO stock opened at $530.23 on Thursday. The stock has a market capitalization of $4.30 billion, a P/E ratio of 26.09 and a beta of 1.35. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The business has a 50-day moving average of $484.02 and a 200-day moving average of $456.03.

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

Analyst Upgrades and Downgrades

CVCO has been the topic of several research analyst reports. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Craig Hallum increased their price objective 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. Finally, Wedbush reaffirmed a “neutral” rating and issued a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research 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.