Quest Partners LLC Buys 1,751 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Quest Partners LLC boosted its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 65.1% during the third quarter, HoldingsChannel reports. The firm owned 4,440 shares of the construction company’s stock after buying an additional 1,751 shares during the period. Quest Partners LLC’s holdings in Cavco Industries were worth $1,901,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Cavco Industries by 9,900.0% during the 2nd quarter. Blue Trust Inc. now owns 100 shares of the construction company’s stock worth $35,000 after acquiring an additional 99 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Cavco Industries by 390.5% during the third 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. GAMMA Investing LLC boosted its holdings in shares of Cavco Industries by 30.2% in 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 purchased a new position in shares of Cavco Industries in the 2nd quarter worth about $138,000. Finally, SG Americas Securities LLC bought a new position in shares of Cavco Industries during the 1st quarter valued at about $197,000. 95.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the transaction, the director now directly owns 2,861 shares of the company’s stock, valued at $1,312,283.48. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total transaction of $1,636,800.00. Following the transaction, the director now owns 6,547 shares of the company’s stock, valued at $2,679,032.40. The trade was a 37.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,213 shares of company stock valued at $1,729,458 in the last quarter. Insiders own 1.60% of the company’s stock.

Cavco Industries Trading Up 0.2 %

NASDAQ CVCO opened at $466.02 on Tuesday. The firm has a market cap of $3.78 billion, a PE ratio of 26.34 and a beta of 1.24. Cavco Industries, Inc. has a 1-year low of $271.48 and a 1-year high of $484.80. The stock has a 50-day moving average of $433.31 and a 200-day moving average of $394.26.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.58. The firm had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter in the previous year, the company posted $4.76 earnings per share. As a group, equities research analysts forecast that Cavco Industries, Inc. will post 18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CVCO. Wedbush boosted their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Craig Hallum upped their price objective on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, StockNews.com raised shares of Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

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.