Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,682 shares of the construction company’s stock after selling 27 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Cavco Industries worth $2,089,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in shares of Cavco Industries by 8.5% in the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after purchasing an additional 5,620 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Cavco Industries by 90.0% in the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after purchasing an additional 90 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Cavco Industries by 91.8% in the third quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock valued at $20,091,000 after purchasing an additional 22,451 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after acquiring an additional 82 shares in the last quarter. Finally, Barclays PLC grew its holdings in Cavco Industries by 162.0% during the 3rd quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock worth $7,381,000 after acquiring an additional 10,656 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Activity at Cavco Industries

In related news, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $485.56, for a total value of $364,170.00. Following the completion of the sale, the director now owns 2,086 shares in the company, valued at $1,012,878.16. This represents a 26.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julia Sze sold 125 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $503.31, for a total transaction of $62,913.75. Following the completion of the sale, the director now owns 2,736 shares of the company’s stock, valued at approximately $1,377,056.16. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,619 shares of company stock worth $2,319,395 in the last 90 days. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented 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. Craig Hallum boosted their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Wedbush restated a “neutral” rating and set a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Trading Down 0.1 %

Shares of NASDAQ:CVCO opened at $528.33 on Tuesday. The company has a market capitalization of $4.28 billion, a PE ratio of 26.00 and a beta of 1.35. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The firm has a 50 day simple moving average of $474.39 and a 200-day simple moving average of $443.57.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal 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.