Raymond James Financial Services Advisors Inc. Acquires New Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 778 shares of the construction company’s stock, valued at approximately $270,000.

Several other large investors also recently bought and sold shares of the business. American Century Companies Inc. grew its stake in Cavco Industries by 18.0% during the 3rd quarter. American Century Companies Inc. now owns 208,156 shares of the construction company’s stock valued at $55,299,000 after acquiring an additional 31,707 shares in the last quarter. Boston Trust Walden Corp grew its stake in Cavco Industries by 4.0% during the 3rd quarter. Boston Trust Walden Corp now owns 168,817 shares of the construction company’s stock valued at $44,848,000 after acquiring an additional 6,458 shares in the last quarter. Schroder Investment Management Group grew its stake in Cavco Industries by 12.1% during the 3rd quarter. Schroder Investment Management Group now owns 136,868 shares of the construction company’s stock valued at $36,360,000 after acquiring an additional 14,742 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cavco Industries by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 97,775 shares of the construction company’s stock valued at $25,975,000 after acquiring an additional 4,752 shares in the last quarter. Finally, Cannell Capital LLC grew its stake in shares of Cavco Industries by 4.9% in the 3rd quarter. Cannell Capital LLC now owns 66,416 shares of the construction company’s stock valued at $17,644,000 after buying an additional 3,084 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Performance

CVCO stock opened at $359.52 on Tuesday. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $400.99. The firm has a market cap of $3.00 billion, a PE ratio of 18.24 and a beta of 1.15. The firm’s 50 day moving average price is $373.80 and its 200-day moving average price is $327.67.

Cavco Industries (NASDAQ:CVCO) last posted its earnings results on Friday, February 2nd. The construction company reported $4.27 EPS for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. The business had revenue of $446.77 million during the quarter, compared to analysts’ expectations of $428.40 million. During the same quarter in the prior year, the firm earned $6.66 EPS. Equities research analysts predict that Cavco Industries, Inc. will post 19.46 EPS for the current fiscal year.

Insider Activity at Cavco Industries

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

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.