Guidance Capital Inc. Makes New $450,000 Investment in Cavco Industries, Inc. (NASDAQ:CVCO)

Guidance Capital Inc. purchased a new position in Cavco Industries, Inc. (NASDAQ:CVCO) during the fourth quarter, Holdings Channel reports. The fund purchased 955 shares of the construction company’s stock, valued at approximately $450,000.

A number of other large investors have also bought and sold shares of the stock. Amalgamated Bank boosted its position in shares of Cavco Industries by 1.2% during the third quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after purchasing an additional 29 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Cavco Industries by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after purchasing an additional 31 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Cavco Industries by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock valued at $4,066,000 after purchasing an additional 37 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock worth $142,000 after acquiring an additional 42 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Cavco Industries by 28.9% in the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock worth $105,000 after acquiring an additional 55 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CVCO. Wedbush reissued a “neutral” rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday. Finally, Craig Hallum boosted their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a report on Monday, November 4th.

Cavco Industries Price Performance

CVCO stock opened at $533.84 on Thursday. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08. The business has a fifty day moving average price of $473.32 and a 200-day moving average price of $440.76. The stock has a market capitalization of $4.33 billion, a P/E ratio of 26.27 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a return on equity of 16.25% and a net margin of 8.75%. As a group, analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Insider Transactions at Cavco Industries

In related news, 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 transaction of $51,223.00. Following the completion of the sale, the chief accounting officer now owns 981 shares in the company, valued at approximately $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $471.70, for a total value of $353,775.00. Following the sale, the director now owns 2,836 shares of the company’s stock, valued at approximately $1,337,741.20. This trade represents a 20.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,850 shares of company stock worth $889,417 over the last quarter. 1.60% of the stock is currently owned by insiders.

Cavco Industries 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.