Cavco Industries, Inc. (NASDAQ:CVCO) Shares Purchased by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 66.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the construction company’s stock after purchasing an additional 1,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Cavco Industries were worth $1,116,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CVCO. Crossmark Global Holdings Inc. raised its stake in shares of Cavco Industries by 28.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 622 shares of the construction company’s stock worth $277,000 after buying an additional 138 shares during the period. Avanza Fonder AB purchased a new position in Cavco Industries during the fourth quarter valued at $211,000. Park Avenue Securities LLC lifted its holdings in Cavco Industries by 30.8% during the fourth quarter. Park Avenue Securities LLC now owns 1,369 shares of the construction company’s stock valued at $611,000 after purchasing an additional 322 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Cavco Industries by 2.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 23,041 shares of the construction company’s stock valued at $10,282,000 after purchasing an additional 642 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Trading Up 0.8 %

CVCO opened at $480.50 on Wednesday. The firm has a market capitalization of $3.90 billion, a PE ratio of 27.16 and a beta of 1.33. Cavco Industries, Inc. has a twelve month low of $313.47 and a twelve month high of $544.08. The firm’s 50-day moving average price is $473.36 and its 200 day moving average price is $431.96.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The business had revenue of $507.46 million during the quarter, compared to analyst estimates of $480.10 million. During the same period in the prior year, the business earned $4.76 earnings per share. As a group, analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CVCO. Wedbush cut Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective on the stock. in a report on Tuesday, December 3rd. Craig Hallum lifted their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, StockNews.com downgraded Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Insiders Place Their Bets

In other news, Director Julia Sze sold 125 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the sale, the director now owns 2,861 shares in the company, valued at $1,312,283.48. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 2,086 shares in the company, valued at $1,012,878.16. This represents a 26.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,850 shares of company stock valued at $889,417 in the last three months. 1.60% of the stock is currently owned by insiders.

Cavco Industries Company Profile

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.