Robotti Robert Trims Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Robotti Robert trimmed its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,408 shares of the construction company’s stock after selling 1,416 shares during the period. Cavco Industries accounts for 3.2% of Robotti Robert’s portfolio, making the stock its 8th biggest position. Robotti Robert owned approximately 0.51% of Cavco Industries worth $18,477,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Atom Investors LP acquired a new position in Cavco Industries during the 3rd quarter valued at approximately $7,572,000. Raymond James Financial Inc. acquired a new position in shares of Cavco Industries during the fourth quarter valued at $5,967,000. Geode Capital Management LLC grew its position in shares of Cavco Industries by 6.1% during the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after acquiring an additional 12,822 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Cavco Industries by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company’s stock worth $15,368,000 after acquiring an additional 12,780 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Cavco Industries in the 4th quarter valued at about $5,376,000. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CVCO. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Wedbush restated a “neutral” rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Trading Up 0.5 %

Cavco Industries stock opened at $533.19 on Thursday. The company’s 50-day moving average price is $512.08 and its two-hundred day moving average price is $473.07. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 26.24 and a beta of 1.34. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, beating 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%. Research analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Insider Activity at Cavco Industries

In related news, Director David A. Greenblatt sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the sale, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. The trade was a 20.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Blount sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the sale, the director now owns 2,836 shares of the company’s stock, valued at $1,337,741.20. The trade was a 20.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock valued at $4,494,608 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries 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.