Moran Wealth Management LLC Has $648,000 Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Moran Wealth Management LLC lifted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,453 shares of the construction company’s stock after buying an additional 66 shares during the quarter. Moran Wealth Management LLC’s holdings in Cavco Industries were worth $648,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in Cavco Industries by 8.5% in the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock worth $30,614,000 after acquiring an additional 5,620 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Cavco Industries by 91.8% in the 3rd 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 during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Cavco Industries by 390.5% in the 3rd 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 last quarter. Principal Financial Group Inc. boosted its holdings in Cavco Industries by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company’s stock worth $18,797,000 after purchasing an additional 790 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in Cavco Industries during the fourth quarter worth $425,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Buying and Selling at Cavco Industries

In other news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the sale, the director now directly owns 15,286 shares of the company’s stock, valued at approximately $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the completion of the sale, the insider now owns 1,176 shares in the company, valued at approximately $632,688. The trade was a 45.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,394 shares of company stock valued at $4,858,778 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Cavco Industries Trading Up 0.8 %

NASDAQ:CVCO opened at $506.51 on Thursday. The firm has a market capitalization of $4.11 billion, a PE ratio of 24.93 and a beta of 1.34. Cavco Industries, Inc. has a 1 year low of $331.08 and a 1 year high of $544.08. The firm’s fifty day simple moving average is $498.19 and its 200 day simple moving average is $465.27.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Analyst Ratings Changes

CVCO has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

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.