Amalgamated Bank Has $1.04 Million Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Amalgamated Bank boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.2% in the third quarter, Holdings Channel reports. The firm owned 2,428 shares of the construction company’s stock after purchasing an additional 29 shares during the quarter. Amalgamated Bank’s holdings in Cavco Industries were worth $1,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after purchasing an additional 99 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Cavco Industries by 390.5% in the third 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 in the last quarter. GAMMA Investing LLC increased its holdings in Cavco Industries by 30.2% during the third quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after buying an additional 64 shares during the last quarter. nVerses Capital LLC bought a new stake in Cavco Industries during the second quarter worth $138,000. Finally, SG Americas Securities LLC acquired a new stake in Cavco Industries in the first quarter valued at $197,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Price Performance

Shares of CVCO opened at $466.18 on Thursday. The firm has a market capitalization of $3.78 billion, a PE ratio of 26.28 and a beta of 1.24. The company’s 50-day moving average is $429.37 and its 200-day moving average is $392.20. Cavco Industries, Inc. has a fifty-two week low of $264.88 and a fifty-two week high of $484.80.

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

Insider Transactions at Cavco Industries

In related news, CAO Paul Bigbee sold 88 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at $433,913.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Paul Bigbee sold 88 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total transaction of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares in the company, valued at approximately $433,913.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the completion of the transaction, the director now directly owns 6,547 shares in the company, valued at $2,679,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,213 shares of company stock valued at $1,729,458. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVCO. Craig Hallum upped their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Wedbush raised their price objective on Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research report on Friday, October 11th.

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.