AlphaQuest LLC Has $416,000 Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

AlphaQuest LLC lessened its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 79.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 933 shares of the construction company’s stock after selling 3,507 shares during the quarter. AlphaQuest LLC’s holdings in Cavco Industries were worth $416,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after acquiring an additional 82 shares in the last quarter. Amalgamated Bank raised its stake in Cavco Industries by 1.2% in the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock worth $1,040,000 after purchasing an additional 29 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Cavco Industries in the 3rd quarter valued at $208,000. GSA Capital Partners LLP lifted its position in Cavco Industries by 90.4% during the third quarter. GSA Capital Partners LLP now owns 3,404 shares of the construction company’s stock worth $1,458,000 after purchasing an additional 1,616 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Cavco Industries by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock worth $4,066,000 after acquiring an additional 37 shares during the period. Institutional investors own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CVCO. Wedbush reaffirmed a “neutral” rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

Cavco Industries Stock Down 2.9 %

Shares of CVCO stock opened at $491.58 on Friday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 24.19 and a beta of 1.34. The firm has a 50 day moving average of $499.24 and a 200-day moving average of $465.45. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating 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%. Analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Insider Buying and Selling at Cavco Industries

In other news, Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now owns 15,286 shares in the company, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Blount sold 750 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of the transaction, the director now directly owns 2,836 shares of the company’s stock, valued at $1,337,741.20. The trade was a 20.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,644 shares of company stock worth $4,494,608. Insiders own 1.60% of the company’s stock.

About Cavco Industries

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.