Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd cut its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,700 shares of the construction company's stock after selling 7,300 shares during the quarter. Cavco Industries makes up approximately 1.4% of AYAL Capital Advisors Ltd's portfolio, making the stock its 22nd biggest position. AYAL Capital Advisors Ltd owned 0.14% of Cavco Industries worth $5,221,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CVCO. Harvest Fund Management Co. Ltd acquired a new stake in Cavco Industries in the fourth quarter valued at $67,000. Smartleaf Asset Management LLC raised its position in shares of Cavco Industries by 387.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after acquiring an additional 128 shares in the last quarter. Blue Trust Inc. lifted its stake in Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after purchasing an additional 55 shares during the last quarter. GAMMA Investing LLC increased its stake in Cavco Industries by 15.2% in the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after purchasing an additional 42 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Cavco Industries by 35.2% during the 4th quarter. KBC Group NV now owns 330 shares of the construction company's stock worth $147,000 after buying an additional 86 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cavco Industries Stock Down 0.1 %

CVCO stock traded down $0.38 on Monday, reaching $512.03. 42,463 shares of the company's stock were exchanged, compared to its average volume of 63,950. The firm has a market cap of $4.15 billion, a PE ratio of 25.20 and a beta of 1.29. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The stock has a fifty day moving average of $499.91 and a 200-day moving average of $485.82.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current fiscal year.

Insider Activity at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total value of $1,014,360.00. Following the sale, the director now directly owns 2,836 shares of the company's stock, valued at approximately $1,438,362.48. This trade represents a 41.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $2,115,520.00. Following the completion of the sale, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,894 shares of company stock valued at $4,140,833. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CVCO shares. Wedbush reissued a "neutral" rating and issued a $550.00 target price (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com raised Cavco Industries from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

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.