Sheets Smith Wealth Management Purchases 69 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Sheets Smith Wealth Management boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,084 shares of the construction company’s stock after purchasing an additional 69 shares during the period. Sheets Smith Wealth Management’s holdings in Cavco Industries were worth $930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVCO. Farther Finance Advisors LLC increased its position in shares of 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 acquiring an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new position in Cavco Industries during the third quarter valued at $64,000. Blue Trust Inc. increased its position in Cavco Industries by 90.0% in the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after buying an additional 90 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after buying an additional 64 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Cavco Industries during the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Trading Up 0.8 %

Shares of NASDAQ:CVCO opened at $480.50 on Wednesday. The company has a 50 day moving average of $473.36 and a 200 day moving average of $431.96. The stock has a market cap of $3.90 billion, a P/E ratio of 27.16 and a beta of 1.33. Cavco Industries, Inc. has a 12 month low of $313.47 and a 12 month high of $544.08.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The firm had revenue of $507.46 million during the quarter, compared to analyst estimates of $480.10 million. During the same period in the previous year, the business earned $4.76 EPS. On average, equities analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CVCO has been the topic of several recent research reports. Wedbush downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective on the stock. in a report on Tuesday, December 3rd. StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, Craig Hallum boosted their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Insiders Place Their Bets

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $485.56, for a total transaction of $364,170.00. Following the completion of the sale, the director now owns 2,086 shares of the company’s stock, valued at $1,012,878.16. The trade was a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julia Sze sold 125 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares in the company, valued at $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,850 shares of company stock worth $889,417 in the last ninety days. 1.60% of the stock is currently owned by insiders.

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.