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

Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 66.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,500 shares of the construction company’s stock after purchasing an additional 1,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Cavco Industries were worth $1,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVCO. Geode Capital Management LLC raised its holdings in shares of Cavco Industries by 6.1% in the 3rd quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock valued at $96,107,000 after buying an additional 12,822 shares during the period. FMR LLC increased its stake in Cavco Industries by 7.0% during the third quarter. FMR LLC now owns 135,444 shares of the construction company’s stock worth $58,002,000 after purchasing an additional 8,829 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Cavco Industries by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company’s stock worth $46,872,000 after purchasing an additional 5,935 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Cavco Industries by 8.5% in the third quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after purchasing an additional 5,620 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Cavco Industries by 1,610.3% in the third quarter. Assenagon Asset Management S.A. now owns 60,835 shares of the construction company’s stock valued at $26,052,000 after purchasing an additional 57,278 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Up 0.8 %

Shares of NASDAQ:CVCO opened at $480.50 on Wednesday. Cavco Industries, Inc. has a fifty-two week low of $313.47 and a fifty-two week high of $544.08. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 27.16 and a beta of 1.33. 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 announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. The business had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same period last year, the business earned $4.76 EPS. On average, equities analysts anticipate that Cavco Industries, Inc. will post 18 EPS for the current year.

Insiders Place Their Bets

In other Cavco Industries 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 sale, the director now owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total transaction of $353,775.00. Following the completion of the transaction, the director now owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. The trade was a 20.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,850 shares of company stock valued at $889,417 in the last ninety days. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CVCO shares. StockNews.com lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Craig Hallum increased their price objective on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Wedbush cut Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price for the company. in a research note on Tuesday, December 3rd.

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.