497 Shares in Cavco Industries, Inc. (NASDAQ:CVCO) Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. acquired a new stake in Cavco Industries, Inc. (NASDAQ:CVCO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 497 shares of the construction company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Verus Capital Partners LLC increased its position in shares of Cavco Industries by 4.5% during the second quarter. Verus Capital Partners LLC now owns 653 shares of the construction company’s stock worth $226,000 after purchasing an additional 28 shares in the last quarter. Amalgamated Bank raised its position in shares of Cavco Industries by 1.2% during the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after buying an additional 29 shares during the period. Thrivent Financial for Lutherans grew its position in Cavco Industries by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock worth $4,066,000 after acquiring an additional 37 shares during the period. Arizona State Retirement System lifted its stake in shares of Cavco Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 2,103 shares of the construction company’s stock valued at $728,000 after purchasing an additional 39 shares during the last quarter. Finally, 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 during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

CVCO has been the subject of several research analyst reports. Wedbush lowered shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price for the company. in a research note on Tuesday, December 3rd. Craig Hallum boosted their target price on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, StockNews.com cut Cavco Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th.

Insider Activity

In other news, Director Julia Sze sold 125 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $503.31, for a total transaction of $62,913.75. Following the completion of the transaction, the director now owns 2,736 shares of the company’s stock, valued at $1,377,056.16. This represents a 4.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Paul Bigbee sold 100 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total value of $51,223.00. Following the sale, the chief accounting officer now owns 981 shares of the company’s stock, valued at approximately $502,497.63. The trade was a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 350 shares of company stock valued at $171,472. Company insiders own 1.60% of the company’s stock.

Cavco Industries Trading Down 1.0 %

Cavco Industries stock opened at $479.76 on Tuesday. The stock’s fifty day simple moving average is $463.95 and its 200-day simple moving average is $413.21. Cavco Industries, Inc. has a twelve month low of $304.10 and a twelve month high of $544.08. The firm has a market capitalization of $3.89 billion, a P/E ratio of 27.61 and a beta of 1.29.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.58. The business had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same quarter in the previous year, the firm earned $4.76 EPS. Sell-side analysts predict that Cavco Industries, Inc. will post 18 earnings per share for the current year.

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.