Cavco Industries, Inc. (NASDAQ:CVCO) Stock Position Decreased by Boston Partners

Boston Partners trimmed its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 5.8% during the 4th quarter, HoldingsChannel reports. The firm owned 3,613 shares of the construction company’s stock after selling 222 shares during the quarter. Boston Partners’ holdings in Cavco Industries were worth $1,612,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Cavco Industries in the fourth quarter worth about $5,376,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Cavco Industries by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company’s stock worth $49,521,000 after buying an additional 1,524 shares in the last quarter. Fisher Asset Management LLC boosted its position 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 in the last quarter. Cerity Partners LLC grew its position in Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after acquiring an additional 22,451 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Cavco Industries by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company’s stock valued at $18,797,000 after buying an additional 790 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Trading Down 1.6 %

Shares of CVCO stock opened at $512.89 on Friday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 25.24 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. The stock has a 50-day moving average of $507.60 and a 200-day moving average of $469.85.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. Sell-side analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Matthew A. Nino sold 894 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total value of $472,952.82. Following the sale, the insider now directly owns 771 shares of the company’s stock, valued at $407,882.13. This trade represents a 53.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the transaction, the director now directly owns 2,836 shares in the company, 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. In the last ninety days, insiders sold 8,644 shares of company stock valued at $4,494,608. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CVCO shares. Wedbush restated a “neutral” rating and issued 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 report on Monday, February 3rd.

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.