Watchman Group Inc. Sells 617 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Watchman Group Inc. lessened its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,125 shares of the construction company’s stock after selling 617 shares during the period. Watchman Group Inc. owned approximately 0.11% of Cavco Industries worth $4,072,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SkyView Investment Advisors LLC raised its position in Cavco Industries by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after buying an additional 31 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after purchasing an additional 42 shares during the last quarter. Xponance Inc. lifted its position in shares of Cavco Industries by 9.4% during the fourth quarter. Xponance Inc. now owns 596 shares of the construction company’s stock valued at $266,000 after purchasing an additional 51 shares in the last quarter. Blue Trust Inc. boosted its holdings in Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after purchasing an additional 55 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in Cavco Industries by 8.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 720 shares of the construction company’s stock worth $321,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

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 issued a $550.00 price objective (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Trading Down 2.4 %

Cavco Industries stock opened at $513.96 on Friday. The business’s 50 day simple moving average is $513.92 and its 200 day simple moving average is $474.70. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $544.08. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 25.29 and a beta of 1.34.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results 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 return on equity of 16.17% and a net margin of 8.75%. As a group, equities research analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of Cavco Industries stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the completion of the transaction, the director now owns 15,286 shares of the company’s stock, valued at $8,084,459.68. The trade was a 20.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Blount sold 750 shares of the firm’s 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 completion of the transaction, the director now owns 2,836 shares of the company’s stock, valued at $1,337,741.20. This trade represents 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 valued at $4,494,608 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Cavco Industries Company 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.