Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,307 shares of the construction company’s stock after selling 1,539 shares during the quarter. Royce & Associates LP owned 0.61% of Cavco Industries worth $21,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors lifted its holdings in Cavco Industries by 2.9% in the first quarter. Capital World Investors now owns 605,925 shares of the construction company’s stock valued at $241,800,000 after acquiring an additional 17,125 shares during the period. Boston Trust Walden Corp lifted its holdings in Cavco Industries by 0.8% in the second quarter. Boston Trust Walden Corp now owns 196,046 shares of the construction company’s stock valued at $67,865,000 after acquiring an additional 1,541 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Cavco Industries by 1,610.3% in the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock valued at $26,052,000 after acquiring an additional 57,278 shares during the period. Ashford Capital Management Inc. lifted its holdings in Cavco Industries by 0.5% in the first quarter. Ashford Capital Management Inc. now owns 58,180 shares of the construction company’s stock valued at $23,217,000 after acquiring an additional 310 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in Cavco Industries by 1.4% in the third quarter. Handelsbanken Fonder AB now owns 57,986 shares of the construction company’s stock valued at $24,832,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Price Performance

Shares of CVCO stock opened at $465.23 on Friday. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 26.30 and a beta of 1.24. The stock has a 50 day simple moving average of $432.05 and a 200-day simple moving average of $393.22. Cavco Industries, Inc. has a 1-year low of $271.48 and a 1-year high of $484.80.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same period in the prior year, the company posted $4.76 EPS. Analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the completion of the sale, the chief accounting officer now directly owns 1,081 shares in the company, valued at approximately $433,913.40. The trade was a 7.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julia Sze sold 125 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now owns 2,861 shares of the company’s stock, valued at $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,213 shares of company stock worth $1,729,458. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Craig Hallum boosted their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Wedbush upped their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th.

Cavco Industries Company 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.