Boston Trust Walden Corp Acquires 614 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Boston Trust Walden Corp boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 193,895 shares of the construction company’s stock after acquiring an additional 614 shares during the quarter. Boston Trust Walden Corp’s holdings in Cavco Industries were worth $86,522,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CVCO. Farther Finance Advisors LLC raised its position in shares of Cavco Industries by 390.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in Cavco Industries during the 3rd quarter valued at $64,000. Blue Trust Inc. increased its holdings in shares of Cavco Industries by 90.0% in 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of Cavco Industries by 30.2% in the third 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 lifted its holdings in shares of Cavco Industries by 35.2% during 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 in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Craig Hallum lifted their price objective 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 lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Finally, Wedbush downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective on the stock. in a research report on Tuesday, December 3rd.

Cavco Industries Stock Performance

CVCO stock opened at $508.64 on Monday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 25.03 and a beta of 1.35. The business’s 50-day moving average is $473.70 and its two-hundred day moving average is $438.71. Cavco Industries, Inc. has a fifty-two week low of $325.25 and a fifty-two week high of $544.08.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.25%. Equities analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Insiders Place Their Bets

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of Cavco Industries stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total transaction of $353,775.00. Following the transaction, the director now owns 2,836 shares of the company’s stock, valued at $1,337,741.20. The trade was a 20.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Paul Bigbee sold 100 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the completion of the sale, the chief accounting officer now directly owns 981 shares of the company’s stock, valued at approximately $502,497.63. This trade represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,850 shares of company stock worth $889,417. Company insiders own 1.60% of the company’s stock.

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.