Neumeier Poma Investment Counsel LLC Acquires 679 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Neumeier Poma Investment Counsel LLC lifted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,296 shares of the construction company’s stock after acquiring an additional 679 shares during the quarter. Neumeier Poma Investment Counsel LLC owned approximately 0.37% of Cavco Industries worth $13,519,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Intech Investment Management LLC boosted its position in Cavco Industries by 182.3% during the third quarter. Intech Investment Management LLC now owns 2,174 shares of the construction company’s stock worth $931,000 after purchasing an additional 1,404 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cavco Industries by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,453 shares of the construction company’s stock worth $46,872,000 after buying an additional 5,935 shares during the period. Citigroup Inc. grew its stake in Cavco Industries by 61.9% in the 3rd quarter. Citigroup Inc. now owns 16,228 shares of the construction company’s stock valued at $6,949,000 after buying an additional 6,203 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Cavco Industries by 8.5% in the 3rd quarter. Fisher Asset Management LLC now owns 71,487 shares of the construction company’s stock valued at $30,614,000 after acquiring an additional 5,620 shares during the period. Finally, FMR LLC boosted its holdings in shares of Cavco Industries by 7.0% during the third quarter. FMR LLC now owns 135,444 shares of the construction company’s stock worth $58,002,000 after acquiring an additional 8,829 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David A. Greenblatt sold 4,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now directly owns 15,286 shares in the company, valued at approximately $8,084,459.68. This represents a 20.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Blount sold 750 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total value of $353,775.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 8,644 shares of company stock worth $4,494,608 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CVCO shares. 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 target price (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Cavco Industries Trading Up 0.5 %

Shares of CVCO opened at $533.19 on Thursday. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The firm’s 50 day moving average is $512.08 and its 200-day moving average is $473.07. The stock has a market capitalization of $4.32 billion, a PE ratio of 26.24 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. Equities research analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Cavco Industries Profile

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.