1,086 Shares in Cavco Industries, Inc. $CVCO Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC purchased a new position in Cavco Industries, Inc. (NASDAQ:CVCO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,086 shares of the construction company’s stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Cavco Industries by 6.1% during the 2nd quarter. State Street Corp now owns 380,682 shares of the construction company’s stock worth $165,380,000 after acquiring an additional 21,837 shares in the last quarter. Boston Partners raised its position in shares of Cavco Industries by 5,371.3% during the second quarter. Boston Partners now owns 201,947 shares of the construction company’s stock worth $87,847,000 after purchasing an additional 198,256 shares during the period. Broad Bay Capital Management LP lifted its holdings in shares of Cavco Industries by 18.3% during the first quarter. Broad Bay Capital Management LP now owns 178,189 shares of the construction company’s stock valued at $92,592,000 after purchasing an additional 27,503 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Cavco Industries by 64.0% in the 1st quarter. Ameriprise Financial Inc. now owns 155,765 shares of the construction company’s stock valued at $80,940,000 after purchasing an additional 60,779 shares during the period. Finally, Schroder Investment Management Group increased its stake in Cavco Industries by 76.9% in the 2nd quarter. Schroder Investment Management Group now owns 130,106 shares of the construction company’s stock worth $56,522,000 after purchasing an additional 56,578 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Transactions at Cavco Industries

In related news, Director Richard A. Kerley sold 500 shares of Cavco Industries stock in a transaction on Friday, November 7th. The stock was sold at an average price of $568.99, for a total transaction of $284,495.00. Following the completion of the sale, the director owned 6,669 shares of the company’s stock, valued at approximately $3,794,594.31. This trade represents a 6.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Cavco Industries Stock Performance

Shares of CVCO opened at $599.11 on Thursday. The company has a market capitalization of $4.67 billion, a PE ratio of 24.61 and a beta of 1.28. The company’s 50 day moving average price is $563.57 and its 200 day moving average price is $507.05. Cavco Industries, Inc. has a 52 week low of $393.53 and a 52 week high of $614.11.

Cavco Industries (NASDAQ:CVCO) last issued its earnings results on Thursday, October 30th. The construction company reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.30 by $0.25. Cavco Industries had a net margin of 9.18% and a return on equity of 19.13%. The company had revenue of $556.53 million during the quarter, compared to analyst estimates of $542.92 million. On average, equities analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CVCO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cavco Industries in a research note on Monday. Zacks Research downgraded shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, CJS Securities upgraded shares of Cavco Industries to a “strong-buy” rating in a research report on Thursday, December 11th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $550.00.

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.