Hunter Perkins Capital Management LLC Has $1.13 Million Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Hunter Perkins Capital Management LLC boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,630 shares of the construction company’s stock after acquiring an additional 95 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Cavco Industries were worth $1,126,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Verus Capital Partners LLC lifted its position in Cavco Industries by 4.5% during the 2nd quarter. Verus Capital Partners LLC now owns 653 shares of the construction company’s stock worth $226,000 after buying an additional 28 shares in the last quarter. Anchor Capital Advisors LLC boosted its position in Cavco Industries by 0.7% during the 1st quarter. Anchor Capital Advisors LLC now owns 4,951 shares of the construction company’s stock worth $1,976,000 after buying an additional 32 shares during the period. Arizona State Retirement System increased its stake in shares of Cavco Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 2,103 shares of the construction company’s stock valued at $728,000 after buying an additional 39 shares during the period. ProShare Advisors LLC lifted its holdings in Cavco Industries by 3.3% in the first quarter. ProShare Advisors LLC now owns 1,676 shares of the construction company’s stock valued at $669,000 after buying an additional 54 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Cavco Industries by 30.2% in the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CVCO shares. Wedbush upped their price objective on Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Craig Hallum lifted their target price on shares of Cavco Industries from $382.00 to $422.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

Insider Buying and Selling

In other news, CAO Paul Bigbee sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the completion of the sale, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cavco Industries news, SVP Steven K. Like sold 575 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total transaction of $210,806.50. Following the completion of the transaction, the senior vice president now directly owns 1,255 shares in the company, valued at approximately $460,108.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Paul Bigbee sold 88 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the completion of the transaction, the chief accounting officer now owns 1,081 shares in the company, valued at approximately $433,913.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,663 shares of company stock valued at $1,882,930. 1.60% of the stock is owned by corporate insiders.

Cavco Industries Price Performance

Shares of CVCO stock traded up $9.40 during trading hours on Wednesday, hitting $448.70. The stock had a trading volume of 8,127 shares, compared to its average volume of 65,020. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $449.49. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 24.30 and a beta of 1.24. The stock’s 50-day moving average price is $409.80 and its two-hundred day moving average price is $382.68.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing the consensus estimate of $4.97 by ($0.86). Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. The firm had revenue of $477.60 million during the quarter, compared to analysts’ expectations of $487.80 million. During the same quarter in the prior year, the company posted $5.29 earnings per share. As a group, equities research analysts predict that Cavco Industries, Inc. will post 17.35 earnings per share for the current fiscal year.

Cavco Industries 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.