Boston Trust Walden Corp Sells 2,765 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Boston Trust Walden Corp lessened its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 193,281 shares of the construction company’s stock after selling 2,765 shares during the period. Boston Trust Walden Corp’s holdings in Cavco Industries were worth $82,771,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its stake in Cavco Industries by 9,900.0% during the second quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after acquiring an additional 99 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $118,000 after purchasing an additional 64 shares in the last quarter. nVerses Capital LLC bought a new position in Cavco Industries during the 2nd quarter valued at about $138,000. SG Americas Securities LLC acquired a new position in Cavco Industries in the first quarter valued at about $197,000. Finally, TradeLink Capital LLC bought a new stake in Cavco Industries during the second quarter worth about $202,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analysts Set New Price Targets

CVCO has been the topic of several recent analyst reports. Wedbush boosted their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Craig Hallum boosted their price objective 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 Stock Performance

Shares of NASDAQ CVCO traded down $3.24 during trading on Friday, reaching $413.03. The company had a trading volume of 28,610 shares, compared to its average volume of 64,446. Cavco Industries, Inc. has a 52 week low of $233.84 and a 52 week high of $452.42. The business’s 50 day moving average price is $418.52 and its 200-day moving average price is $385.33. The stock has a market cap of $3.42 billion, a PE ratio of 22.51 and a beta of 1.24.

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

Insider Activity at Cavco Industries

In other news, Director Steven G. Bunger sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the transaction, the director now owns 6,547 shares of the company’s stock, valued at approximately $2,679,032.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Steven G. Bunger sold 4,000 shares of the company’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 completion of the sale, the director now owns 6,547 shares in the company, valued at approximately $2,679,032.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Steven K. Like sold 575 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $366.62, for a total value of $210,806.50. Following the transaction, the senior vice president now owns 1,255 shares in the company, valued at approximately $460,108.10. This trade represents a 0.00 % decrease in their position. 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 over the last 90 days. Insiders own 1.60% of the company’s stock.

Cavco Industries Company Profile

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.