Aviance Capital Partners LLC Has $8.29 Million Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Aviance Capital Partners LLC boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,569 shares of the construction company’s stock after buying an additional 1,253 shares during the period. Cavco Industries makes up about 1.1% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 15th biggest position. Aviance Capital Partners LLC’s holdings in Cavco Industries were worth $8,286,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after purchasing an additional 82 shares during the period. Avior Wealth Management LLC acquired a new stake in Cavco Industries in the third quarter worth $64,000. Smartleaf Asset Management LLC raised its holdings in Cavco Industries by 387.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after purchasing an additional 128 shares during the period. Blue Trust Inc. raised its holdings in Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after purchasing an additional 55 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Cavco Industries by 15.2% in 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 during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CVCO has been the topic of several analyst reports. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Wedbush reissued 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.

Insider Activity at Cavco Industries

In related news, insider Matthew A. Nino sold 894 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the transaction, the insider now owns 771 shares of the company’s stock, valued at approximately $407,882.13. This trade represents a 53.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $538,000.00. Following the completion of the transaction, the insider now directly owns 1,176 shares of the company’s stock, valued at approximately $632,688. This trade represents a 45.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,519 shares of company stock valued at $2,806,172. Corporate insiders own 1.60% of the company’s stock.

Cavco Industries Stock Down 0.8 %

Shares of CVCO stock opened at $529.37 on Friday. The firm has a fifty day moving average of $493.02 and a 200-day moving average of $461.56. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 26.05 and a beta of 1.35.

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

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.