Thrivent Financial for Lutherans Sells 1,080 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Thrivent Financial for Lutherans cut its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,413 shares of the construction company’s stock after selling 1,080 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of Cavco Industries worth $3,754,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVCO. Proficio Capital Partners LLC bought a new position in shares of Cavco Industries during the 4th quarter worth approximately $5,376,000. Charles Schwab Investment Management Inc. grew its position in Cavco Industries by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company’s stock valued at $49,521,000 after purchasing an additional 1,524 shares in the last quarter. Fisher Asset Management LLC increased its stake in Cavco Industries by 8.5% in the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after buying an additional 5,620 shares during the last quarter. Principal Financial Group Inc. lifted its position in Cavco Industries by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 42,123 shares of the construction company’s stock worth $18,797,000 after buying an additional 790 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Cavco Industries during the 4th quarter worth about $425,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Activity

In related news, Director Susan L. Blount sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total value of $1,014,360.00. Following the transaction, the director now owns 2,836 shares in the company, valued at approximately $1,438,362.48. This represents a 41.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew A. Nino sold 894 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the sale, the insider now owns 771 shares of the company’s stock, valued at approximately $407,882.13. This represents a 53.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,644 shares of company stock valued at $4,494,608 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Cavco Industries Stock Performance

Shares of NASDAQ:CVCO opened at $530.64 on Wednesday. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $544.08. The company has a market capitalization of $4.30 billion, a P/E ratio of 26.11 and a beta of 1.34. The company has a 50-day simple moving average of $510.79 and a 200 day simple moving average of $472.64.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on CVCO. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Wedbush reissued a “neutral” rating and issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

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.