Harbor Capital Advisors Inc. Has $3.14 Million Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Harbor Capital Advisors Inc. grew its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 507.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,068 shares of the construction company’s stock after buying an additional 7,576 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.11% of Cavco Industries worth $3,139,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Cavco Industries during the first quarter valued at about $60,000. GAMMA Investing LLC bought a new position in shares of Cavco Industries during the 4th quarter worth $77,000. Simplex Trading LLC bought a new position in shares of Cavco Industries during the 4th quarter worth $140,000. SG Americas Securities LLC purchased a new stake in Cavco Industries during the 1st quarter worth about $197,000. Finally, Trexquant Investment LP purchased a new stake in shares of Cavco Industries in the 4th quarter valued at about $204,000. Institutional investors own 95.56% of the company’s stock.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, SVP Steven K. Like sold 575 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $366.62, for a total transaction of $210,806.50. Following the sale, the senior vice president now owns 1,255 shares of the company’s stock, valued at approximately $460,108.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Cavco Industries Stock Up 0.5 %

NASDAQ:CVCO traded up $1.72 during midday trading on Wednesday, hitting $365.53. The stock had a trading volume of 70,305 shares, compared to its average volume of 65,309. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $426.41. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 19.83 and a beta of 1.23. The stock has a 50-day moving average of $366.27 and a 200 day moving average of $366.55.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.97 by ($0.86). The firm had revenue of $477.60 million during the quarter, compared to the consensus estimate of $487.80 million. Cavco Industries had a return on equity of 14.30% and a net margin of 8.12%. During the same period last year, the company earned $5.29 EPS. On average, sell-side analysts anticipate that Cavco Industries, Inc. will post 19.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Craig Hallum lifted their price objective on Cavco Industries from $382.00 to $422.00 and gave the stock a “buy” rating in a research report on Monday. Wedbush reaffirmed an “outperform” rating and issued a $425.00 price objective on shares of Cavco Industries in a research note on Friday, August 2nd.

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.