Hunter Perkins Capital Management LLC Lowers Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Hunter Perkins Capital Management LLC decreased its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,478 shares of the construction company’s stock after selling 152 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Cavco Industries were worth $1,106,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CVCO. Farther Finance Advisors LLC grew its stake in shares of Cavco Industries by 390.5% in the third quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock valued at $44,000 after buying an additional 82 shares in the last quarter. Avior Wealth Management LLC acquired a new position in Cavco Industries in the 3rd quarter valued at about $64,000. Blue Trust Inc. increased its stake in Cavco Industries by 90.0% during the third quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock worth $81,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC lifted its position in shares of Cavco Industries by 30.2% during 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 in the last quarter. Finally, KBC Group NV lifted its position 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 worth $147,000 after purchasing an additional 86 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Stock Performance

CVCO stock opened at $471.39 on Monday. The company’s 50 day moving average price is $474.13 and its 200 day moving average price is $435.69. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 26.65 and a beta of 1.33. Cavco Industries, Inc. has a fifty-two week low of $319.61 and a fifty-two week high of $544.08.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. The company had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same period in the prior year, the firm posted $4.76 EPS. Equities analysts forecast that Cavco Industries, Inc. will post 18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wedbush downgraded shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a research note on Tuesday, December 3rd. StockNews.com lowered Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Craig Hallum increased their price objective on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th.

Insider Buying and Selling at Cavco Industries

In other news, Director Susan L. Blount sold 750 shares of the stock in a transaction dated 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 owns 2,086 shares in the company, valued at approximately $1,012,878.16. This represents a 26.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Julia Sze sold 125 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,850 shares of company stock worth $889,417 over the last ninety days. Corporate 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.