Dimensional Fund Advisors LP Decreases Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Dimensional Fund Advisors LP cut its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 347,992 shares of the construction company's stock after selling 30,984 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.29% of Cavco Industries worth $155,286,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new stake in Cavco Industries during the fourth quarter valued at $67,000. Smartleaf Asset Management LLC grew its stake in Cavco Industries by 387.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after purchasing an additional 128 shares during the period. Blue Trust Inc. increased 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 purchasing an additional 55 shares in the last quarter. GAMMA Investing LLC lifted 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 buying an additional 42 shares during the period. Finally, KBC Group NV boosted its holdings 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 in the last quarter. Institutional investors own 95.56% of the company's stock.

Insider Transactions at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of Cavco Industries stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the transaction, the director now directly owns 2,836 shares of the company's stock, valued at $1,438,362.48. The trade was a 41.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew A. Nino sold 894 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total transaction of $472,952.82. Following the completion of the sale, the insider now owns 771 shares of the company's stock, valued at approximately $407,882.13. The trade was a 53.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,894 shares of company stock valued at $4,140,833 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Cavco Industries Price Performance

Shares of NASDAQ:CVCO traded down $4.12 during trading on Wednesday, reaching $493.85. 59,352 shares of the stock were exchanged, compared to its average volume of 64,027. The stock has a fifty day moving average of $501.20 and a two-hundred day moving average of $483.91. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $544.08. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 24.30 and a beta of 1.19.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $6.90 EPS for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. Sell-side analysts forecast that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analysts Set New Price Targets

CVCO has been the topic of a number of research reports. Wedbush reiterated a "neutral" rating and set a $550.00 target price (up previously from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com upgraded shares of Cavco Industries from a "hold" rating to a "buy" rating in a report on Friday, April 25th.

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.