Harbor Capital Advisors Inc. Acquires 642 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Harbor Capital Advisors Inc. raised its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,041 shares of the construction company’s stock after purchasing an additional 642 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.28% of Cavco Industries worth $10,282,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its position in Cavco Industries by 1,610.3% during the 3rd 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 in the last quarter. Cerity Partners LLC grew its stake in shares of Cavco Industries by 91.8% during the third 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. Atom Investors LP acquired a new stake in shares of Cavco Industries in the third quarter valued at approximately $7,572,000. Geode Capital Management LLC raised its position in Cavco Industries by 6.1% in the 3rd 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. Finally, JPMorgan Chase & Co. lifted its holdings in Cavco Industries by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company’s stock worth $15,368,000 after buying an additional 12,780 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Down 2.5 %

NASDAQ CVCO traded down $11.21 during trading on Friday, reaching $433.12. 11,078 shares of the stock traded hands, compared to its average volume of 38,722. The stock’s 50-day moving average price is $473.55 and its 200 day moving average price is $425.06. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 24.48 and a beta of 1.33. Cavco Industries, Inc. has a fifty-two week low of $304.10 and a fifty-two week high of $544.08.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.58. The firm had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same period in the previous year, the company posted $4.76 earnings per share. Analysts anticipate that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Analysts Set New Price Targets

CVCO has been the subject of several research reports. StockNews.com cut Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Wedbush downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a research report on Tuesday, December 3rd. Finally, Craig Hallum raised their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other news, Director Julia Sze sold 125 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the transaction, the director now directly owns 2,861 shares of the company’s stock, valued at $1,312,283.48. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Blount sold 750 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $485.56, for a total value of $364,170.00. Following the transaction, the director now owns 2,086 shares of the company’s stock, valued at approximately $1,012,878.16. The trade was a 26.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,100 shares of company stock worth $535,642. Company insiders own 1.60% of the company’s stock.

About Cavco Industries

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.