BNP Paribas Financial Markets Has $503,000 Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

BNP Paribas Financial Markets reduced its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 85.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,128 shares of the construction company's stock after selling 6,681 shares during the quarter. BNP Paribas Financial Markets' holdings in Cavco Industries were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. FMR LLC lifted its holdings in Cavco Industries by 118.8% in 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 stake in Cavco Industries by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 227,024 shares of the construction company's stock worth $101,324,000 after buying an additional 2,640 shares during the last quarter. Boston Trust Walden Corp lifted its position in Cavco Industries by 0.3% in the 4th 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 during the last quarter. GW&K Investment Management LLC grew its stake in shares of Cavco Industries by 1.0% in the fourth quarter. GW&K Investment Management LLC now owns 188,715 shares of the construction company's stock worth $84,210,000 after purchasing an additional 1,931 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Cavco Industries by 18.7% in the 4th 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 during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Cavco Industries Stock Performance

Shares of NASDAQ:CVCO traded down $16.08 during midday trading on Tuesday, hitting $456.71. The company's stock had a trading volume of 177,550 shares, compared to its average volume of 65,208. Cavco Industries, Inc. has a fifty-two week low of $331.08 and a fifty-two week high of $549.99. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 22.48 and a beta of 1.29. The stock's 50 day simple moving average is $499.85 and its 200 day simple moving average is $494.41.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.23 by $0.17. The business had revenue of $508.36 million during the quarter, compared to analysts' expectations of $504.15 million. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. As a group, analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CVCO. Wedbush reissued a "neutral" rating and issued a $550.00 price target on shares of Cavco Industries in a report on Tuesday. Wall Street Zen cut Cavco Industries from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Insiders Place Their Bets

In other news, Director David A. Greenblatt sold 4,000 shares of the company'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 sale, the director now directly owns 15,286 shares in the company, valued at approximately $8,084,459.68. This represents a 20.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

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.