Raymond James Financial Services Advisors Inc. Takes Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 778 shares of the construction company’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legato Capital Management LLC bought a new position in Cavco Industries in the 4th quarter worth $305,000. Headinvest LLC bought a new position in Cavco Industries in the 3rd quarter worth $26,000. American Century Companies Inc. raised its holdings in Cavco Industries by 18.0% in the 3rd quarter. American Century Companies Inc. now owns 208,156 shares of the construction company’s stock worth $55,299,000 after purchasing an additional 31,707 shares during the period. Cannell Capital LLC raised its holdings in Cavco Industries by 4.9% in the 3rd quarter. Cannell Capital LLC now owns 66,416 shares of the construction company’s stock worth $17,644,000 after purchasing an additional 3,084 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in Cavco Industries by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,554 shares of the construction company’s stock worth $413,000 after purchasing an additional 47 shares during the period. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Performance

Shares of Cavco Industries stock opened at $359.52 on Tuesday. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $400.99. The stock’s fifty day moving average is $373.80 and its 200 day moving average is $327.67. The stock has a market cap of $3.00 billion, a P/E ratio of 18.24 and a beta of 1.15.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. The business had revenue of $446.77 million during the quarter, compared to analysts’ expectations of $428.40 million. During the same quarter in the previous year, the company posted $6.66 EPS. Analysts predict that Cavco Industries, Inc. will post 19.46 EPS for the current year.

Insiders Place Their Bets

In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the completion of the sale, the insider now owns 1,248 shares in the company, valued at approximately $449,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Matthew A. Nino sold 2,357 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $360.00, for a total transaction of $848,520.00. Following the completion of the transaction, the insider now owns 1,248 shares in the company, valued at $449,280. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Paul Bigbee sold 262 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the transaction, the chief accounting officer now owns 766 shares of the company’s stock, valued at approximately $281,221.58. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

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.