Cavco Industries, Inc. (NASDAQ:CVCO) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 91.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,160 shares of the construction company’s stock after buying an additional 1,986 shares during the period. Intech Investment Management LLC owned about 0.05% of Cavco Industries worth $1,856,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC acquired a new stake in shares of Cavco Industries in the third quarter worth approximately $64,000. Smartleaf Asset Management LLC lifted its holdings in Cavco Industries by 387.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock valued at $72,000 after purchasing an additional 128 shares in the last quarter. Blue Trust Inc. lifted its holdings in Cavco Industries by 28.9% in the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after purchasing an additional 55 shares in the last quarter. GAMMA Investing LLC boosted its stake in Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after purchasing an additional 42 shares during the last quarter. Finally, KBC Group NV grew its holdings 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 worth $147,000 after buying an additional 86 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cavco Industries Stock Down 0.8 %

Shares of CVCO opened at $521.48 on Friday. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $544.08. The stock has a fifty day simple moving average of $505.96 and a two-hundred day simple moving average of $469.16. The company has a market capitalization of $4.23 billion, a PE ratio of 25.66 and a beta of 1.34.

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, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. As a group, equities analysts anticipate that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 15,286 shares in the company, valued at approximately $8,084,459.68. This represents a 20.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Blount sold 750 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the sale, 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. Insiders sold a total of 8,644 shares of company stock valued at $4,494,608 over the last quarter. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CVCO. Wedbush restated a “neutral” rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com raised shares of 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.