670 Shares in Cavco Industries, Inc. (NASDAQ:CVCO) Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC acquired a new position in Cavco Industries, Inc. (NASDAQ:CVCOFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 670 shares of the construction company’s stock, valued at approximately $232,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Group One Trading L.P. bought a new stake in Cavco Industries in the 3rd quarter valued at about $26,000. Headinvest LLC bought a new stake in shares of Cavco Industries during the third quarter valued at approximately $26,000. Federated Hermes Inc. bought a new stake in shares of Cavco Industries during the third quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new position in shares of Cavco Industries during the first quarter worth approximately $32,000. Finally, NewEdge Advisors LLC bought a new position in Cavco Industries in the 1st quarter worth approximately $52,000. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Up 1.8 %

CVCO stock opened at $399.06 on Friday. The company has a 50-day simple moving average of $364.00 and a 200 day simple moving average of $315.13. The company has a market capitalization of $3.33 billion, a P/E ratio of 20.25 and a beta of 1.14. Cavco Industries, Inc. has a fifty-two week low of $233.84 and a fifty-two week high of $400.23.

Cavco Industries (NASDAQ:CVCOGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The construction company reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.36 by ($0.09). Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. The firm had revenue of $446.77 million during the quarter, compared to analyst estimates of $428.40 million. During the same quarter last year, the company earned $6.66 EPS. Equities analysts anticipate that Cavco Industries, Inc. will post 19.46 EPS for the current year.

Insider Activity

In other news, insider Matthew A. Nino sold 2,357 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $360.00, for a total transaction of $848,520.00. Following the sale, the insider now owns 1,248 shares in the company, valued at $449,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Paul Bigbee sold 262 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total transaction of $96,188.06. Following the transaction, the chief accounting officer now directly owns 766 shares in the company, valued at approximately $281,221.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew A. Nino sold 2,357 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the completion of the transaction, the insider now directly owns 1,248 shares in the company, valued at $449,280. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Cavco Industries Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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