Royce & Associates LP Sells 6,132 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Royce & Associates LP lessened its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,175 shares of the construction company’s stock after selling 6,132 shares during the quarter. Royce & Associates LP owned 0.54% of Cavco Industries worth $19,712,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in Cavco Industries in the third quarter valued at $64,000. Smartleaf Asset Management LLC grew its stake in shares of Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock valued at $72,000 after buying an additional 128 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after buying an additional 55 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after buying an additional 42 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Cavco Industries by 35.2% during the fourth quarter. KBC Group NV now owns 330 shares of the construction company’s stock valued at $147,000 after buying an additional 86 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Trading Up 3.1 %

Cavco Industries stock opened at $506.83 on Monday. The firm has a 50-day moving average of $500.43 and a 200-day moving average of $467.06. The firm has a market cap of $4.11 billion, a P/E ratio of 24.94 and a beta of 1.34. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08.

Cavco Industries (NASDAQ:CVCO) last posted its 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%. Research analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Insider Transactions at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total value of $1,014,360.00. Following the completion of the sale, the director now directly owns 2,836 shares in the company, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the sale, the director now owns 15,286 shares of the company’s stock, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,644 shares of company stock worth $4,494,608. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. 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. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

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.