OneDigital Investment Advisors LLC Has $918,000 Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

OneDigital Investment Advisors LLC reduced its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,143 shares of the construction company’s stock after selling 72 shares during the period. OneDigital Investment Advisors LLC’s holdings in Cavco Industries were worth $918,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Verus Capital Partners LLC raised its position in shares of Cavco Industries by 4.5% in the second quarter. Verus Capital Partners LLC now owns 653 shares of the construction company’s stock valued at $226,000 after purchasing an additional 28 shares during the period. Amalgamated Bank grew its stake in Cavco Industries by 1.2% in the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after buying an additional 29 shares during the last quarter. Arizona State Retirement System raised its holdings in Cavco Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,103 shares of the construction company’s stock worth $728,000 after acquiring an additional 39 shares during the period. GAMMA Investing LLC lifted its position in Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after acquiring an additional 64 shares during the last quarter. Finally, Lakewood Asset Management LLC boosted its holdings in Cavco Industries by 8.5% during the third quarter. Lakewood Asset Management LLC now owns 902 shares of the construction company’s stock valued at $386,000 after acquiring an additional 71 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Up 1.1 %

CVCO stock opened at $471.33 on Wednesday. Cavco Industries, Inc. has a twelve month low of $271.48 and a twelve month high of $484.80. The company has a market cap of $3.82 billion, a PE ratio of 26.07 and a beta of 1.24. The business’s 50-day simple moving average is $434.56 and its 200 day simple moving average is $394.92.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data 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 company had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter last year, the firm earned $4.76 EPS. On average, equities research analysts anticipate that Cavco Industries, Inc. will post 18 EPS for the current year.

Insider Buying and Selling at Cavco Industries

In other news, Director Julia Sze sold 125 shares of the company’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 directly owns 2,861 shares in the company, valued at approximately $1,312,283.48. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Paul Bigbee sold 88 shares of the firm’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 value of $35,323.20. Following the transaction, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at $433,913.40. This trade represents a 7.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,213 shares of company stock valued at $1,729,458 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.