Avior Wealth Management LLC Takes $64,000 Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Avior Wealth Management LLC acquired a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 150 shares of the construction company’s stock, valued at approximately $64,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after acquiring an additional 99 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after acquiring an additional 82 shares during the last quarter. GAMMA Investing LLC raised its stake in Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after acquiring an additional 64 shares during the last quarter. nVerses Capital LLC purchased a new stake in Cavco Industries during the 2nd quarter valued at approximately $138,000. Finally, TradeLink Capital LLC purchased a new stake in Cavco Industries during the 2nd quarter valued at approximately $202,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on CVCO. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Wedbush increased 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. Finally, Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

Cavco Industries Trading Up 3.8 %

Shares of CVCO stock opened at $512.91 on Monday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 28.99 and a beta of 1.24. The stock has a 50 day simple moving average of $440.64 and a 200-day simple moving average of $397.87. Cavco Industries, Inc. has a 12-month low of $271.48 and a 12-month high of $513.72.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $4.76 EPS. On average, equities analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 owns 2,861 shares in the company, valued at $1,312,283.48. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the completion of the sale, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. This represents a 37.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,213 shares of company stock worth $1,729,458 in the last quarter. Company insiders own 1.60% of the company’s stock.

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.