Harbor Capital Advisors Inc. Purchases 642 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Harbor Capital Advisors Inc. boosted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,041 shares of the construction company’s stock after acquiring an additional 642 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Cavco Industries were worth $10,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Cavco Industries by 390.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 103 shares of the construction company’s stock worth $44,000 after purchasing an additional 82 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Cavco Industries during the 3rd quarter worth approximately $64,000. Blue Trust Inc. raised its stake in Cavco Industries by 90.0% in the 3rd quarter. Blue Trust Inc. now owns 190 shares of the construction company’s stock valued at $81,000 after acquiring an additional 90 shares during the period. GAMMA Investing LLC lifted its holdings in Cavco Industries by 30.2% during the 3rd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $118,000 after purchasing an additional 64 shares during the last quarter. Finally, TradeLink Capital LLC acquired a new position in shares of Cavco Industries in the second quarter valued at $202,000. 95.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com downgraded shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Wedbush cut Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective for the company. in a report on Tuesday, December 3rd. Finally, Craig Hallum increased their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th.

Cavco Industries Stock Performance

Shares of CVCO stock traded down $11.21 on Friday, hitting $433.12. The company’s stock had a trading volume of 11,078 shares, compared to its average volume of 38,722. Cavco Industries, Inc. has a fifty-two week low of $304.10 and a fifty-two week high of $544.08. The stock’s 50 day moving average is $473.55 and its 200-day moving average is $425.06. The company has a market capitalization of $3.51 billion, a PE ratio of 24.48 and a beta of 1.33.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The firm had revenue of $507.46 million for the quarter, compared to analyst estimates of $480.10 million. During the same quarter in the prior year, the business posted $4.76 EPS. On average, research analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Paul Bigbee sold 100 shares of Cavco Industries 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 transaction, the chief accounting officer now owns 981 shares in the company, valued at approximately $502,497.63. This trade represents a 9.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julia Sze sold 125 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,100 shares of company stock worth $535,642 in the last 90 days. Company 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.