AYAL Capital Advisors Ltd Reduces Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

AYAL Capital Advisors Ltd trimmed its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 38.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,700 shares of the construction company's stock after selling 7,300 shares during the quarter. Cavco Industries comprises about 1.4% of AYAL Capital Advisors Ltd's portfolio, making the stock its 22nd biggest position. AYAL Capital Advisors Ltd owned approximately 0.14% of Cavco Industries worth $5,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CVCO. FMR LLC boosted its holdings in shares of Cavco Industries by 118.8% during the 4th quarter. FMR LLC now owns 296,343 shares of the construction company's stock worth $132,237,000 after buying an additional 160,899 shares in the last quarter. Geode Capital Management LLC grew its holdings in Cavco Industries by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company's stock worth $101,324,000 after purchasing an additional 2,640 shares during the period. Boston Trust Walden Corp increased its stake in Cavco Industries by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 193,895 shares of the construction company's stock valued at $86,522,000 after purchasing an additional 614 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of Cavco Industries by 1.0% during the fourth quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company's stock valued at $84,210,000 after purchasing an additional 1,931 shares during the period. Finally, Invesco Ltd. boosted its holdings in Cavco Industries by 18.7% in the fourth quarter. Invesco Ltd. now owns 182,457 shares of the construction company's stock worth $81,418,000 after acquiring an additional 28,730 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Cavco Industries Trading Up 2.3 %

Shares of CVCO traded up $12.00 during trading hours on Thursday, reaching $530.38. 34,681 shares of the stock traded hands, compared to its average volume of 64,183. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 26.10 and a beta of 1.29. The stock has a fifty day simple moving average of $499.74 and a 200 day simple moving average of $486.25.

Insiders Place Their Bets

In related news, insider Jack S. Brandom sold 1,000 shares of Cavco Industries stock in a transaction on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the sale, the insider now directly owns 1,176 shares in the company, valued at approximately $632,688. This trade represents a 45.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Greenblatt sold 4,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now owns 15,286 shares of the company's stock, valued at $8,084,459.68. This trade represents a 20.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wedbush restated a "neutral" rating and issued a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com upgraded Cavco Industries from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

About Cavco Industries

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.