Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC cut its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 2,478 shares of the construction company’s stock after selling 152 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Cavco Industries were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CVCO. Farther Finance Advisors LLC lifted its stake in 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 last quarter. Avior Wealth Management LLC purchased a new stake in Cavco Industries in the 3rd quarter valued at $64,000. Blue Trust Inc. boosted its stake in Cavco Industries by 90.0% during the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC grew its position in Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after purchasing an additional 64 shares during the last quarter. Finally, KBC Group NV increased its stake in Cavco Industries by 35.2% in the fourth quarter. KBC Group NV now owns 330 shares of the construction company’s stock valued at $147,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Down 1.0 %

Shares of NASDAQ:CVCO opened at $471.39 on Monday. Cavco Industries, Inc. has a fifty-two week low of $319.61 and a fifty-two week high of $544.08. The firm’s 50-day simple moving average is $474.13 and its 200-day simple moving average is $435.69. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 26.65 and a beta of 1.33.

Cavco Industries (NASDAQ:CVCO) last released 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. The company had revenue of $507.46 million for the quarter, compared to analysts’ expectations of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter in the previous year, the firm posted $4.76 EPS. On average, research analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current year.

Analyst Upgrades and Downgrades

CVCO has been the topic of a number of research reports. Craig Hallum raised their price target on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th. StockNews.com cut Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Wedbush lowered Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a report on Tuesday, December 3rd.

Insider Activity at Cavco Industries

In related news, Director Susan L. Blount sold 750 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $485.56, for a total value of $364,170.00. Following the completion of the sale, the director now owns 2,086 shares in the company, valued at $1,012,878.16. This trade represents a 26.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julia Sze sold 125 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the transaction, the director now owns 2,861 shares in the company, valued at $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,850 shares of company stock worth $889,417 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

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.