Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,399 shares of the construction company’s stock after selling 83 shares during the quarter. Amalgamated Bank’s holdings in Cavco Industries were worth $830,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CVCO. Blue Trust Inc. increased its holdings in shares of Cavco Industries by 9,900.0% in the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Cavco Industries during the 1st quarter valued at approximately $60,000. nVerses Capital LLC purchased a new stake in shares of Cavco Industries during the 2nd quarter worth approximately $138,000. SG Americas Securities LLC purchased a new stake in shares of Cavco Industries during the 1st quarter worth approximately $197,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Cavco Industries during the 1st quarter worth approximately $209,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CVCO shares. Wedbush reiterated an “outperform” rating and set a $425.00 target price on shares of Cavco Industries in a research report on Friday, August 2nd. Craig Hallum lifted their price target on Cavco Industries from $382.00 to $422.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

Cavco Industries Price Performance

Cavco Industries stock opened at $431.82 on Friday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 23.48 and a beta of 1.24. Cavco Industries, Inc. has a 12-month low of $233.84 and a 12-month high of $444.90. The firm’s 50-day moving average is $401.95 and its two-hundred day moving average is $378.65.

Cavco Industries (NASDAQ:CVCO) last released its earnings results on Thursday, August 1st. The construction company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.97 by ($0.86). Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. The firm had revenue of $477.60 million during the quarter, compared to analysts’ expectations of $487.80 million. During the same period in the previous year, the firm posted $5.29 earnings per share. As a group, analysts forecast that Cavco Industries, Inc. will post 17.35 EPS for the current year.

Insider Activity

In related news, CAO Paul Bigbee sold 88 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the transaction, the chief accounting officer now directly owns 1,081 shares in the company, valued at $433,913.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Steven G. Bunger sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the transaction, the director now directly owns 6,547 shares in the company, valued at approximately $2,679,032.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares of the company’s stock, valued at approximately $433,913.40. The disclosure for this sale can be found here. Insiders sold a total of 4,663 shares of company stock valued at $1,882,930 over the last quarter. Company 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.