Amalgamated Bank Trims Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Amalgamated Bank cut its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,385 shares of the construction company’s stock after selling 43 shares during the quarter. Amalgamated Bank’s holdings in Cavco Industries were worth $1,064,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in Cavco Industries by 8.5% in the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after buying an additional 5,620 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Cavco Industries by 91.8% in the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock valued at $20,091,000 after acquiring an additional 22,451 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Cavco Industries by 390.5% in the 3rd 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 period. Principal Financial Group Inc. raised its position in Cavco Industries by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company’s stock valued at $18,797,000 after purchasing an additional 790 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in Cavco Industries during the 4th quarter worth $425,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analyst Ratings Changes

CVCO has been the topic of a number of recent research reports. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush reaffirmed a “neutral” rating and set a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. Finally, Craig Hallum lifted their target price on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

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

Cavco Industries Stock Down 1.2 %

Shares of NASDAQ:CVCO opened at $518.42 on Tuesday. The firm’s 50-day simple moving average is $488.39 and its 200-day simple moving average is $459.64. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 25.51 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last posted 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 net margin of 8.75% and a return on equity of 16.17%. On average, research analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current 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.