Illinois Municipal Retirement Fund Buys 436 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Illinois Municipal Retirement Fund boosted its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,565 shares of the construction company’s stock after acquiring an additional 436 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Cavco Industries worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of Cavco Industries by 390.5% during the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after purchasing an additional 82 shares during the period. Avior Wealth Management LLC bought a new stake in Cavco Industries during the 3rd quarter valued at $64,000. Blue Trust Inc. boosted 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 valued at $105,000 after buying an additional 55 shares during the period. GAMMA Investing LLC boosted its position in Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after buying an additional 42 shares during the period. Finally, KBC Group NV grew its holdings in Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company’s stock worth $147,000 after acquiring an additional 86 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Insider Transactions at Cavco Industries

In related news, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value of $353,775.00. Following the sale, the director now directly owns 2,836 shares of the company’s stock, valued at $1,337,741.20. This represents a 20.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jack S. Brandom sold 1,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $538.00, for a total value of $538,000.00. Following the transaction, the insider now directly owns 1,176 shares of the company’s stock, valued at $632,688. This represents a 45.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,519 shares of company stock valued at $2,806,172. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CVCO. StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Craig Hallum upped their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wedbush reiterated a “neutral” rating and issued a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Trading Up 1.2 %

Shares of NASDAQ CVCO opened at $524.53 on Friday. The firm has a fifty day simple moving average of $486.93 and a two-hundred day simple moving average of $457.59. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The firm has a market capitalization of $4.25 billion, a PE ratio of 25.81 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. On average, 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.