Cavco Industries, Inc. (NASDAQ:CVCO) Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,226 shares of the construction company’s stock after purchasing an additional 89 shares during the quarter. Marks Group Wealth Management Inc owned approximately 0.14% of Cavco Industries worth $5,009,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CVCO. Assenagon Asset Management S.A. increased 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 worth $26,052,000 after buying an additional 57,278 shares during the last quarter. Cerity Partners LLC grew its holdings in Cavco Industries by 91.8% during the 3rd quarter. Cerity Partners LLC now owns 46,915 shares of the construction company’s stock worth $20,091,000 after acquiring an additional 22,451 shares in the last quarter. Atom Investors LP bought a new stake in shares of Cavco Industries in the 3rd quarter worth about $7,572,000. Harbor Capital Advisors Inc. raised its stake in shares of Cavco Industries by 147.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,399 shares of the construction company’s stock valued at $9,592,000 after purchasing an additional 13,331 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 purchasing an additional 12,822 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cavco Industries news, insider Jack S. Brandom sold 1,000 shares of Cavco Industries 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 sale, the insider now owns 1,176 shares of the company’s stock, valued at $632,688. The trade was a 45.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Blount sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the transaction, the director now owns 2,836 shares of the company’s stock, valued at $1,438,362.48. This trade represents a 41.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,619 shares of company stock valued at $2,857,395 in the last quarter. Company insiders own 1.60% of the company’s stock.

Cavco Industries Trading Up 0.5 %

NASDAQ:CVCO opened at $530.79 on Wednesday. The firm has a market capitalization of $4.30 billion, a PE ratio of 26.12 and a beta of 1.35. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The stock has a 50 day moving average of $474.56 and a 200-day moving average of $444.46.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping 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 predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Wedbush reiterated a “neutral” rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. Finally, Craig Hallum upped their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th.

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.