Cavco Industries, Inc. (NASDAQ:CVCO) is Robotti Robert’s 8th Largest Position

Robotti Robert reduced its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 41,408 shares of the construction company’s stock after selling 1,416 shares during the quarter. Cavco Industries makes up about 3.2% of Robotti Robert’s holdings, making the stock its 8th largest holding. Robotti Robert’s holdings in Cavco Industries were worth $18,477,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CVCO. Atom Investors LP acquired a new position in Cavco Industries in the 3rd quarter worth approximately $7,572,000. Raymond James Financial Inc. purchased a new stake in shares of Cavco Industries in the fourth quarter valued at $5,967,000. Geode Capital Management LLC boosted its position in shares of Cavco Industries by 6.1% in the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock worth $96,107,000 after buying an additional 12,822 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Cavco Industries by 55.3% during the third quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company’s stock valued at $15,368,000 after buying an additional 12,780 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Cavco Industries during the fourth quarter valued at $5,376,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the business’s stock in a transaction dated 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 owns 15,286 shares of the company’s stock, valued at $8,084,459.68. The trade was a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jack S. Brandom sold 1,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total value of $538,000.00. Following the sale, the insider now 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. Insiders sold 8,644 shares of company stock worth $4,494,608 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CVCO has been the subject of a number of research reports. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Wedbush reaffirmed a “neutral” rating and set 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 0.5 %

Shares of NASDAQ:CVCO opened at $533.19 on Thursday. The firm 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 1 year low of $331.08 and a 1 year high of $544.08. The business has a fifty day simple moving average of $512.08 and a 200 day simple moving average of $473.07.

Cavco Industries (NASDAQ:CVCO) last announced 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%. On average, sell-side analysts forecast 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.