6 days Ago By ABMN Staff
Russell Investments Group Ltd. trimmed its position in Cavco Industries, Inc. ( NASDAQ:CVCO – Free Report ) by 6.
8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,722 shares of the construction company’s stock after selling 927 shares during the quarter. Russell Investments Group Ltd.
owned about 0.16% of Cavco Industries worth $5,677,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Wells Fargo & Company MN boosted its position in shares of Cavco Industries by 49.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,190 shares of the construction company’s stock worth $1,870,000 after purchasing an additional 1,381 shares during the period.
Geode Capital Management LLC boosted its holdings in Cavco Industries by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company’s stock worth $101,324,000 after buying an additional 2,640 shares during the period.
Franklin Resources Inc. increased its stake in Cavco Industries by 19.5% in the 4th quarter.
Franklin Resources Inc. now owns 11,394 shares of the construction company’s stock worth $5,084,000 after buying an additional 1,856 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Cavco Industries by 8.
5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 763 shares of the construction company’s stock valued at $340,000 after acquiring an additional 60 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Cavco Industries by 442.
1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,778 shares of the construction company’s stock valued at $790,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors own 95.
56% of the company’s stock. Analyst Ratings Changes Several brokerages recently issued reports on CVCO. Wedbush reissued a “neutral” rating and set a $550.
00 target price (up previously from $480.00) on shares of Cavco Industries in a research note on Monday, February 3rd. StockNews.
com lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Insider Transactions at Cavco Industries In related news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction on Wednesday, March 5th.
The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00.
Following the sale, the director now owns 15,286 shares in the company, valued at approximately $8,084,459.68. This represents a 20.
74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, Director Susan L.
Blount sold 2,000 shares of Cavco Industries stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.
00. Following the transaction, the director now directly owns 2,836 shares of the company’s stock, valued at $1,438,362.48.
The trade was a 41.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 8,644 shares of company stock worth $4,494,608 in the last three months. Insiders own 1.60% of the company’s stock.
Cavco Industries Trading Up 1.2 % NASDAQ:CVCO opened at $475.47 on Tuesday.
The company has a market capitalization of $3.85 billion, a P/E ratio of 23.40 and a beta of 1.
19. The business’s 50-day moving average is $513.29 and its 200 day moving average is $480.
06. Cavco Industries, Inc. has a 12 month low of $331.
08 and a 12 month high of $544.08. Cavco Industries ( NASDAQ:CVCO – Get Free Report ) last posted its earnings results on Thursday, January 30th.
The construction company reported $6.90 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $2.
01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.
75%. On average, research analysts forecast that Cavco Industries, Inc. will post 21.
93 earnings per share for the current year. About Cavco Industries ( 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. Recommended Stories 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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