Cavco Industries, Inc. $CVCO Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 69.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,005 shares of the construction company’s stock after selling 2,264 shares during the quarter. AlphaQuest LLC’s holdings in Cavco Industries were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in Cavco Industries by 5,371.3% in the 2nd quarter. Boston Partners now owns 201,947 shares of the construction company’s stock valued at $87,847,000 after buying an additional 198,256 shares during the period. Schroder Investment Management Group grew its holdings in Cavco Industries by 76.9% in the second quarter. Schroder Investment Management Group now owns 130,106 shares of the construction company’s stock valued at $56,522,000 after purchasing an additional 56,578 shares during the period. Voya Investment Management LLC grew its holdings in Cavco Industries by 737.9% in the third quarter. Voya Investment Management LLC now owns 45,348 shares of the construction company’s stock valued at $26,335,000 after purchasing an additional 39,936 shares during the period. Jump Financial LLC increased its position in Cavco Industries by 3,047.3% during the second quarter. Jump Financial LLC now owns 23,070 shares of the construction company’s stock worth $10,022,000 after purchasing an additional 22,337 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Cavco Industries by 41.1% during the second quarter. Handelsbanken Fonder AB now owns 76,586 shares of the construction company’s stock worth $33,271,000 after purchasing an additional 22,300 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cavco Industries Trading Up 4.7%

Shares of NASDAQ CVCO opened at $505.46 on Thursday. The stock has a fifty day moving average price of $609.93 and a 200 day moving average price of $553.61. Cavco Industries, Inc. has a 12-month low of $393.53 and a 12-month high of $713.01. The company has a market cap of $3.92 billion, a P/E ratio of 21.96 and a beta of 1.32.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, January 29th. The construction company reported $5.58 earnings per share for the quarter, missing the consensus estimate of $6.00 by ($0.42). Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%.The company had revenue of $580.99 million during the quarter, compared to analysts’ expectations of $593.37 million. On average, sell-side analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Zacks Research cut shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. CJS Securities raised Cavco Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cavco Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $550.00.

Insider Buying and Selling

In other news, Director Steven W. Moster bought 300 shares of Cavco Industries stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $456.23 per share, with a total value of $136,869.00. Following the completion of the transaction, the director owned 2,976 shares in the company, valued at approximately $1,357,740.48. This trade represents a 11.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard A. Kerley sold 500 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $568.99, for a total transaction of $284,495.00. Following the sale, the director directly owned 6,669 shares of the company’s stock, valued at approximately $3,794,594.31. The trade was a 6.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by corporate insiders.

Cavco Industries Company Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.