Cavco Industries, Inc. (NASDAQ:CVCO) Position Increased by Boston Trust Walden Corp
Boston Trust Walden Corp lifted its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,904 shares of the construction company's s Boston Trust Walden Corp increased its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor now owns 195,904 shares of the construction company's stock after purchasing an additional 27,087 shares during the same period. Boston Trust owned 2.35% of the company, valued at $67,0904,000. Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Cavco industries by 38.0%. Raymond James Financial Services Advisors bought a new stake in shares in the same quarter. In related news, insider Matthew A. Nino sold 2,357 shares of CVCO in a transaction on Friday, February 9th for $848,520.00.
Published : a month ago by MarketBeat in Finance
Boston Trust Walden Corp lifted its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,904 shares of the construction company's stock after purchasing an additional 27,087 shares during the quarter. Boston Trust Walden Corp owned 2.35% of Cavco Industries worth $67,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in CVCO. AlphaMark Advisors LLC acquired a new position in Cavco Industries in the fourth quarter worth approximately $329,000. Assenagon Asset Management S.A. bought a new stake in shares of Cavco Industries in the fourth quarter valued at approximately $344,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Cavco Industries in the fourth quarter valued at approximately $232,000. Pacer Advisors Inc. boosted its position in shares of Cavco Industries by 38.0% in the fourth quarter. Pacer Advisors Inc. now owns 169,643 shares of the construction company's stock valued at $58,802,000 after acquiring an additional 46,726 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Cavco Industries in the fourth quarter valued at approximately $270,000. 95.56% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Matthew A. Nino sold 2,357 shares of the firm's 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 transaction, the insider now directly owns 1,248 shares of the company's stock, valued at $449,280. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Paul Bigbee sold 262 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total value of $96,188.06. Following the completion of the transaction, the chief accounting officer now directly owns 766 shares of the company's stock, valued at $281,221.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Matthew A. Nino sold 2,357 shares of the firm's 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 transaction, the insider now directly owns 1,248 shares of the company's stock, valued at $449,280. The disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.
Shares of CVCO traded down $3.46 during mid-day trading on Thursday, hitting $374.31. The company's stock had a trading volume of 42,693 shares, compared to its average volume of 65,403. Cavco Industries, Inc. has a one year low of $233.84 and a one year high of $400.99. The firm has a market capitalization of $3.13 billion, a PE ratio of 18.99 and a beta of 1.15. The stock's 50-day moving average is $368.28 and its two-hundred day moving average is $318.02.
Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted 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). The business had revenue of $446.77 million during the quarter, compared to the consensus estimate of $428.40 million. Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. During the same period in the prior year, the company posted $6.66 earnings per share. Analysts expect that Cavco Industries, Inc. will post 19.46 EPS for the current fiscal year.
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.
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