Cavco Industries, Inc. (NASDAQ:CVCO) Position Boosted by Xponance Inc.

Xponance Inc. boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 596 shares of the construction company’s stock after buying an additional 51 shares during the quarter. Xponance Inc.’s holdings in Cavco Industries were worth $266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Cavco Industries during the fourth quarter worth $5,376,000. Charles Schwab Investment Management Inc. lifted its position 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 during the last quarter. Principal Financial Group Inc. lifted its position in shares of Cavco Industries by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company’s stock worth $18,797,000 after buying an additional 790 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Cavco Industries by 91.4% in the 4th quarter. Intech Investment Management LLC now owns 4,160 shares of the construction company’s stock valued at $1,856,000 after buying an additional 1,986 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Cavco Industries during the 4th quarter valued at about $425,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Buying and Selling at Cavco Industries

In related news, insider Jack S. Brandom sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the sale, the insider now owns 1,176 shares of the company’s stock, valued at $632,688. The trade was a 45.96 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total value of $353,775.00. Following the transaction, the director now directly owns 2,836 shares of the company’s stock, valued at approximately $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 have sold 8,644 shares of company stock valued at $4,494,608. Company insiders own 1.60% of the company’s stock.

Cavco Industries Trading Down 1.2 %

NASDAQ CVCO opened at $526.55 on Friday. The company has a 50-day moving average price of $513.18 and a two-hundred day moving average price of $473.44. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 25.91 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results 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%. As a group, equities research analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CVCO. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush restated 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.

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.