Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 33 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,731 shares of the construction company’s stock after selling 33 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cavco Industries were worth $772,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CVCO. SkyView Investment Advisors LLC lifted its stake in Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock worth $767,000 after purchasing an additional 31 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after acquiring an additional 42 shares during the last quarter. Xponance Inc. boosted its holdings in Cavco Industries by 9.4% during the 4th quarter. Xponance Inc. now owns 596 shares of the construction company’s stock valued at $266,000 after acquiring an additional 51 shares during the period. Blue Trust Inc. grew its position in Cavco Industries by 28.9% during the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after acquiring an additional 55 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Cavco Industries by 8.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 720 shares of the construction company’s stock worth $321,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Insider Activity

In other Cavco Industries news, 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now directly owns 15,286 shares of the company’s stock, valued at $8,084,459.68. This represents a 20.74 % decrease in their position. 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. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CVCO shares. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Wedbush reissued a “neutral” rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Cavco Industries Stock Performance

NASDAQ CVCO opened at $533.19 on Thursday. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $544.08. The stock has a market cap of $4.32 billion, a P/E ratio of 26.24 and a beta of 1.34. The stock has a 50 day simple moving average of $512.08 and a two-hundred day simple moving average of $473.07.

Cavco Industries (NASDAQ:CVCO) last released 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%. Sell-side analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

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.