GAMMA Investing LLC Acquires 42 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

GAMMA Investing LLC boosted its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318 shares of the construction company’s stock after purchasing an additional 42 shares during the period. GAMMA Investing LLC’s holdings in Cavco Industries were worth $142,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Farther Finance Advisors LLC increased 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 during the period. Avior Wealth Management LLC acquired a new position in shares of Cavco Industries in the third quarter worth approximately $64,000. Blue Trust Inc. boosted its holdings in Cavco Industries by 90.0% in the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after acquiring an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Cavco Industries during the 3rd quarter valued at approximately $208,000. Finally, iSAM Funds UK Ltd bought a new position in Cavco Industries during the 3rd quarter worth approximately $208,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Stock Performance

Cavco Industries stock opened at $444.33 on Friday. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 25.12 and a beta of 1.33. Cavco Industries, Inc. has a 52-week low of $304.10 and a 52-week high of $544.08. The stock’s 50 day moving average price is $473.55 and its two-hundred day moving average price is $425.06.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The business 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 earned $4.76 earnings per share. On average, equities research analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CVCO shares. StockNews.com cut shares of Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Wedbush downgraded Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price target for the company. in a report on Tuesday, December 3rd. Finally, Craig Hallum lifted their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Insider Transactions at Cavco Industries

In related news, Director Julia Sze sold 125 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the transaction, the director now directly owns 2,861 shares in the company, valued at $1,312,283.48. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $485.56, for a total transaction of $364,170.00. Following the completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 1,100 shares of company stock valued at $535,642 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

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.