Boston Trust Walden Corp Has $82.77 Million Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Boston Trust Walden Corp decreased its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,281 shares of the construction company’s stock after selling 2,765 shares during the quarter. Boston Trust Walden Corp owned about 2.34% of Cavco Industries worth $82,771,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CVCO. Aviance Capital Partners LLC increased its stake in shares of Cavco Industries by 3.0% during the 1st quarter. Aviance Capital Partners LLC now owns 16,090 shares of the construction company’s stock worth $6,421,000 after purchasing an additional 469 shares during the last quarter. Principal Financial Group Inc. increased its position in Cavco Industries by 2.6% during the first quarter. Principal Financial Group Inc. now owns 43,090 shares of the construction company’s stock worth $17,195,000 after buying an additional 1,111 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Cavco Industries by 12.7% during the first quarter. BNP Paribas Financial Markets now owns 10,355 shares of the construction company’s stock valued at $4,132,000 after buying an additional 1,164 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Cavco Industries by 12.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,923 shares of the construction company’s stock worth $767,000 after buying an additional 218 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Cavco Industries by 1.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 6,794 shares of the construction company’s stock worth $2,711,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wedbush raised their price objective on Cavco Industries from $425.00 to $455.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Craig Hallum lifted their price target on shares of Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a research report on Monday, August 5th.

Insider Transactions at Cavco Industries

In related news, CAO Paul Bigbee sold 88 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 1,081 shares in the company, valued at $433,913.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Cavco Industries news, CAO Paul Bigbee sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven G. Bunger sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the sale, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,663 shares of company stock worth $1,882,930. Insiders own 1.60% of the company’s stock.

Cavco Industries Stock Down 0.8 %

CVCO stock traded down $3.24 during mid-day trading on Friday, reaching $413.03. 28,610 shares of the stock traded hands, compared to its average volume of 64,446. The firm has a market capitalization of $3.42 billion, a PE ratio of 22.51 and a beta of 1.24. The business has a 50-day moving average of $418.52 and a two-hundred day moving average of $385.33. Cavco Industries, Inc. has a 52 week low of $233.84 and a 52 week high of $452.42.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.97 by ($0.86). Cavco Industries had a net margin of 8.12% and a return on equity of 14.23%. The business had revenue of $477.60 million during the quarter, compared to analyst estimates of $487.80 million. During the same period last year, the business earned $5.29 EPS. On average, equities research analysts anticipate that Cavco Industries, Inc. will post 17.35 EPS for the current fiscal year.

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.