Moran Wealth Management LLC Purchases 66 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Moran Wealth Management LLC increased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,453 shares of the construction company’s stock after purchasing an additional 66 shares during the period. Moran Wealth Management LLC’s holdings in Cavco Industries were worth $648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CVCO. Farther Finance Advisors LLC raised its position in Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after purchasing an additional 82 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of Cavco Industries in the 3rd quarter worth approximately $64,000. Smartleaf Asset Management LLC lifted its position in shares of Cavco Industries by 387.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company’s stock worth $72,000 after buying an additional 128 shares during the period. Blue Trust Inc. boosted its stake in Cavco Industries by 28.9% in the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after buying an additional 55 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Cavco Industries by 15.2% in the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after buying an additional 42 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Wedbush reissued a “neutral” rating and set a $550.00 price target (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Insider Buying and Selling

In related news, insider Matthew A. Nino sold 894 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $529.03, for a total value of $472,952.82. Following the completion of the transaction, the insider now owns 771 shares in the company, valued at $407,882.13. The trade was a 53.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $485.56, for a total value of $364,170.00. Following the transaction, the director now directly owns 2,086 shares in the company, valued at approximately $1,012,878.16. This represents a 26.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,394 shares of company stock worth $4,858,778 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Cavco Industries Price Performance

NASDAQ CVCO opened at $506.51 on Thursday. The stock’s 50 day simple moving average is $498.19 and its 200 day simple moving average is $465.27. Cavco Industries, Inc. has a one year low of $331.08 and a one year high of $544.08. The firm has a market cap of $4.11 billion, a PE ratio of 24.93 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. As a group, equities analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

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.