Boston Trust Walden Corp Has $67.70 Million Stake in Cavco Industries, Inc. $CVCO

Boston Trust Walden Corp lowered its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 9.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 139,783 shares of the construction company’s stock after selling 14,884 shares during the period. Boston Trust Walden Corp owned approximately 1.80% of Cavco Industries worth $67,696,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CVCO. Aster Capital Management DIFC Ltd acquired a new position in Cavco Industries during the fourth quarter worth $46,000. Kemnay Advisory Services Inc. bought a new stake in Cavco Industries during the fourth quarter worth about $50,000. Los Angeles Capital Management LLC bought a new stake in Cavco Industries during the fourth quarter worth about $54,000. Osaic Holdings Inc. grew its stake in Cavco Industries by 118.2% during the second quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock worth $57,000 after buying an additional 65 shares in the last quarter. Finally, Danske Bank A S bought a new position in Cavco Industries in the 3rd quarter valued at about $58,000. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Performance

NASDAQ CVCO opened at $598.73 on Friday. Cavco Industries, Inc. has a 52-week low of $397.38 and a 52-week high of $713.01. The company has a 50-day simple moving average of $542.27 and a 200 day simple moving average of $556.61. The company has a market capitalization of $4.62 billion, a PE ratio of 24.98 and a beta of 1.28.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Thursday, May 21st. The construction company reported $5.42 EPS for the quarter, beating analysts’ consensus estimates of $5.30 by $0.12. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. The company had revenue of $550.13 million for the quarter, compared to analysts’ expectations of $571.06 million. As a group, analysts forecast that Cavco Industries, Inc. will post 25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Cavco Industries in a research report on Tuesday, May 26th. UBS Group initiated coverage on Cavco Industries in a research note on Friday, June 5th. They set a “buy” rating and a $700.00 price target on the stock. Finally, Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $625.00.

Insiders Place Their Bets

In other Cavco Industries news, CAO Paul Bigbee sold 200 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $537.75, for a total value of $107,550.00. Following the sale, the chief accounting officer owned 1,105 shares of the company’s stock, valued at $594,213.75. This trade represents a 15.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allison Aden sold 1,473 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $625.00, for a total value of $920,625.00. Following the transaction, the executive vice president directly owned 9,147 shares in the company, valued at $5,716,875. This trade represents a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,541 shares of company stock valued at $2,121,932. 1.70% of the stock is currently 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.