Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 191,822 shares of the construction company's stock after selling 2,073 shares during the quarter. Boston Trust Walden Corp owned approximately 2.37% of Cavco Industries worth $99,676,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Harvest Fund Management Co. Ltd acquired a new stake in Cavco Industries during the fourth quarter worth about $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 purchasing an additional 128 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cavco Industries by 38.7% in the 1st quarter. GAMMA Investing LLC now owns 441 shares of the construction company's stock worth $229,000 after purchasing an additional 123 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in Cavco Industries during the 4th quarter valued at approximately $204,000. Finally, New Age Alpha Advisors LLC acquired a new position in Cavco Industries during the 4th quarter valued at approximately $215,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wedbush reaffirmed a "neutral" rating and issued a $550.00 target price on shares of Cavco Industries in a research report on Tuesday, May 27th. Wall Street Zen cut shares of Cavco Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

Cavco Industries Stock Performance

Shares of CVCO traded down $0.46 during mid-day trading on Thursday, reaching $400.49. 270,283 shares of the company's stock traded hands, compared to its average volume of 74,766. The business's 50-day moving average price is $472.44 and its 200-day moving average price is $486.40. The stock has a market capitalization of $3.24 billion, a P/E ratio of 19.29 and a beta of 1.16. Cavco Industries, Inc. has a 12 month low of $331.08 and a 12 month high of $549.99.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The construction company reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.17. The company had revenue of $508.36 million during the quarter, compared to analysts' expectations of $504.15 million. Cavco Industries had a return on equity of 17.00% and a net margin of 8.49%. Equities research analysts anticipate that Cavco Industries, Inc. will post 21.93 EPS for the current year.

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.