2 weeks Ago By Defense World Staff
Alliancebernstein L.P. trimmed its position in shares of Cavco Industries, Inc.
( NASDAQ:CVCO – Free Report ) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,006 shares of the construction company’s stock after selling 570 shares during the period.
Alliancebernstein L.P. owned approximately 0.
11% of Cavco Industries worth $4,019,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC lifted its stake in Cavco Industries by 5.
1% during the 3rd quarter. HighTower Advisors LLC now owns 1,518 shares of the construction company’s stock worth $649,000 after acquiring an additional 73 shares in the last quarter. Barclays PLC lifted its position in shares of Cavco Industries by 162.
0% during the third quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock worth $7,381,000 after purchasing an additional 10,656 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cavco Industries by 6.
1% in the third quarter. Geode Capital Management LLC now owns 224,384 shares of the construction company’s stock valued at $96,107,000 after purchasing an additional 12,822 shares during the period. Coldstream Capital Management Inc.
acquired a new position in shares of Cavco Industries in the third quarter valued at approximately $213,000. Finally, Virtu Financial LLC purchased a new stake in Cavco Industries during the 3rd quarter worth approximately $637,000. 95.
56% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several brokerages have commented on CVCO. Wedbush reissued a “neutral” rating and issued a $550.
00 price target (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.
com cut Cavco Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Insider Activity In other news, Director David A. Greenblatt sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th.
The shares were sold at an average price of $528.88, for a total transaction of $2,115,520.00.
Following the completion of the sale, the director now owns 15,286 shares in the company, valued at approximately $8,084,459.68. The trade was a 20.
74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, insider Matthew A.
Nino sold 894 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total transaction of $472,952.
82. Following the completion of the transaction, the insider now directly owns 771 shares in the company, valued at $407,882.13.
This trade represents a 53.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 8,644 shares of company stock worth $4,494,608. 1.60% of the stock is currently owned by insiders.
Cavco Industries Stock Up 0.6 % NASDAQ CVCO opened at $469.83 on Monday.
Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.
08. The firm has a 50 day moving average of $514.45 and a two-hundred day moving average of $479.
75. The stock has a market capitalization of $3.81 billion, a PE ratio of 23.
12 and a beta of 1.19. Cavco Industries ( NASDAQ:CVCO – Get Free Report ) last issued its earnings results on Thursday, January 30th.
The construction company reported $6.90 EPS for the quarter, topping 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%. On average, equities research analysts expect that Cavco Industries, Inc. will post 21.
93 earnings per share for the current fiscal year. Cavco Industries Company Profile ( Free Report ) 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. Read More Five stocks we like better than Cavco Industries Russell 2000 Index, How Investors Use it For Profitable Trading Is McDonald’s Stock Serving a Value Meal to Investors? How to Profit From Value Investing Walgreens Comeback? Private Equity Circling for a Buyout What Does a Gap Up Mean in Stocks? How to Play the Gap Coca-Cola Stock Looks Refreshing After the Relief Rally Receive News & Ratings for Cavco Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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