Cavco Industries, Inc. (NASDAQ:CVCO) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,023 shares of the construction company’s stock after buying an additional 189 shares during the period. MetLife Investment Management LLC’s holdings in Cavco Industries were worth $2,241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CVCO. Barclays PLC lifted its stake in shares of Cavco Industries by 162.0% during the third quarter. Barclays PLC now owns 17,234 shares of the construction company’s stock worth $7,381,000 after buying an additional 10,656 shares during the period. Virtu Financial LLC acquired a new stake in Cavco Industries during the 3rd quarter worth about $637,000. SkyView Investment Advisors LLC raised its stake in shares of Cavco Industries by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock valued at $767,000 after buying an additional 31 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cavco Industries by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company’s stock valued at $15,368,000 after buying an additional 12,780 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 42 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on CVCO shares. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a report on Friday. Wedbush reaffirmed a “neutral” rating and set a $550.00 target price (up from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd.

Insiders Place Their Bets

In other news, Director David A. Greenblatt sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total value of $2,115,520.00. Following the transaction, the director now owns 15,286 shares in the company, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan L. Blount sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total value of $1,014,360.00. Following the completion of the transaction, the director now owns 2,836 shares in the company, valued at approximately $1,438,362.48. This trade represents a 41.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,894 shares of company stock worth $4,140,833. 1.60% of the stock is owned by corporate insiders.

Cavco Industries Trading Up 0.1 %

Shares of CVCO stock opened at $489.29 on Tuesday. The company has a market capitalization of $3.97 billion, a P/E ratio of 24.08 and a beta of 1.19. The business’s 50 day moving average is $502.38 and its two-hundred day moving average is $483.74. Cavco Industries, Inc. has a 12-month low of $331.08 and a 12-month high of $544.08.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a return on equity of 16.17% and a net margin of 8.75%. On average, research analysts predict that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal 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.