Anchor Capital Advisors LLC Increases Stock Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Anchor Capital Advisors LLC grew its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,275 shares of the construction company’s stock after acquiring an additional 152 shares during the period. Anchor Capital Advisors LLC owned about 0.07% of Cavco Industries worth $2,354,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CVCO. Cerity Partners LLC increased its holdings in 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. Fisher Asset Management LLC raised its holdings in shares of Cavco Industries by 8.5% in the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after buying an additional 5,620 shares during the period. Farther Finance Advisors LLC raised its holdings 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 buying an additional 82 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Cavco Industries during the 4th quarter worth about $425,000. Finally, Barclays PLC boosted its holdings in Cavco Industries by 162.0% during the 3rd quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock valued at $7,381,000 after acquiring an additional 10,656 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CVCO. Craig Hallum boosted their price target on shares of Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. StockNews.com upgraded shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Wedbush restated a “neutral” rating and issued a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd.

Cavco Industries Trading Up 1.2 %

Shares of NASDAQ:CVCO opened at $524.53 on Friday. The company’s 50 day moving average is $486.93 and its two-hundred day moving average is $457.59. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The company has a market cap of $4.25 billion, a PE ratio of 25.81 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Insider Activity

In related news, insider Jack S. Brandom sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the transaction, the insider now owns 1,176 shares of the company’s stock, valued at $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan L. Blount sold 750 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of the transaction, the director now owns 2,836 shares in the company, valued at $1,337,741.20. This trade represents a 20.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,519 shares of company stock valued at $2,806,172 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

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.