Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,731 shares of the construction company’s stock after selling 33 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cavco Industries were worth $772,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CVCO. SkyView Investment Advisors LLC raised its stake in Cavco Industries by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after buying an additional 31 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after acquiring an additional 42 shares in the last quarter. Xponance Inc. raised its position in shares of Cavco Industries by 9.4% in the 4th quarter. Xponance Inc. now owns 596 shares of the construction company’s stock worth $266,000 after purchasing an additional 51 shares during the last quarter. Blue Trust Inc. boosted its stake in Cavco Industries by 28.9% in the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after purchasing an additional 55 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Cavco Industries by 8.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 720 shares of the construction company’s stock valued at $321,000 after purchasing an additional 55 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wedbush reaffirmed a “neutral” rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd.

Insider Buying and Selling

In related news, insider Matthew A. Nino sold 894 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total value of $472,952.82. Following the transaction, the insider now owns 771 shares of the company’s stock, valued at approximately $407,882.13. This trade represents a 53.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan L. Blount sold 750 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 2,836 shares of the company’s stock, valued at $1,337,741.20. This trade represents a 20.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,644 shares of company stock valued at $4,494,608 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Cavco Industries Stock Performance

CVCO opened at $533.19 on Thursday. The company’s 50-day simple moving average is $512.08 and its two-hundred day simple moving average is $473.07. The stock has a market capitalization of $4.32 billion, a P/E ratio of 26.24 and a beta of 1.34. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $544.08.

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

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.