Hsbc Holdings PLC Has $546,000 Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Hsbc Holdings PLC raised its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 20.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,578 shares of the construction company’s stock after acquiring an additional 271 shares during the period. Hsbc Holdings PLC’s holdings in Cavco Industries were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CVCO. Blue Trust Inc. grew its position 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 during the period. Mather Group LLC. bought a new stake in shares of Cavco Industries during the first quarter worth $60,000. nVerses Capital LLC acquired a new stake in shares of Cavco Industries during the second quarter worth $138,000. SG Americas Securities LLC bought a new stake in Cavco Industries in the 1st quarter valued at $197,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Cavco Industries in the 1st quarter worth $209,000. 95.56% of the stock is currently owned by institutional investors.

Insider Transactions at Cavco Industries

In related news, CAO Paul Bigbee sold 88 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $401.40, for a total value of $35,323.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,081 shares of the company’s stock, valued at $433,913.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Steven K. Like sold 575 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total value of $210,806.50. Following the sale, the senior vice president now directly owns 1,255 shares of the company’s stock, valued at approximately $460,108.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Paul Bigbee sold 88 shares of Cavco Industries 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 transaction, 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 have sold a total of 4,663 shares of company stock worth $1,882,930 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Cavco Industries Trading Down 0.8 %

Shares of CVCO stock opened at $428.24 on Tuesday. The firm’s fifty day moving average price is $402.76 and its two-hundred day moving average price is $379.14. Cavco Industries, Inc. has a 1 year low of $233.84 and a 1 year high of $444.90. The firm has a market capitalization of $3.54 billion, a P/E ratio of 23.34 and a beta of 1.24.

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

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.