Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 6.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 64,517 shares of the construction company’s stock after selling 4,640 shares during the period. Fisher Asset Management LLC’s holdings in Cavco Industries were worth $22,363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVCO. SkyView Investment Advisors LLC lifted its stake in shares of Cavco Industries by 3.1% in the third quarter. SkyView Investment Advisors LLC now owns 1,554 shares of the construction company’s stock worth $413,000 after acquiring an additional 47 shares in the last quarter. Pathstone Family Office LLC increased its stake in shares of Cavco Industries by 7.1% in the third quarter. Pathstone Family Office LLC now owns 1,014 shares of the construction company’s stock worth $269,000 after buying an additional 67 shares during the last quarter. Marks Group Wealth Management Inc raised its holdings in Cavco Industries by 1.2% in the fourth quarter. Marks Group Wealth Management Inc now owns 7,780 shares of the construction company’s stock valued at $2,697,000 after acquiring an additional 89 shares in the last quarter. Group One Trading L.P. bought a new position in Cavco Industries during the 3rd quarter valued at $26,000. Finally, Headinvest LLC bought a new position in Cavco Industries during the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Performance

CVCO opened at $377.30 on Monday. The company has a market capitalization of $3.15 billion, a P/E ratio of 19.14 and a beta of 1.16. The company has a 50-day moving average of $374.50 and a 200-day moving average of $334.26. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $400.99.

Cavco Industries (NASDAQ:CVCO) 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 the consensus estimate of $428.40 million. During the same period in the prior year, the firm earned $6.66 earnings per share. As a group, sell-side analysts expect that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

Insider Transactions at Cavco Industries

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