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

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

Other large investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cavco Industries during the fourth quarter worth about $67,000. Smartleaf Asset Management LLC lifted its holdings in shares of 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. ClearAlpha Technologies LP acquired a new stake in shares of Cavco Industries during the fourth quarter worth about $204,000. New Age Alpha Advisors LLC acquired a new stake in shares of Cavco Industries during the fourth quarter worth about $215,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Cavco Industries by 58.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 490 shares of the construction company's stock worth $219,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CVCO shares. Wedbush reaffirmed a "neutral" rating and set a $550.00 target price on shares of Cavco Industries in a report on Tuesday, May 27th. Wall Street Zen downgraded Cavco Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

Cavco Industries Price Performance

NASDAQ:CVCO traded down $3.26 during trading hours on Friday, reaching $397.23. The company had a trading volume of 173,471 shares, compared to its average volume of 74,621. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $549.99. The firm has a market cap of $3.21 billion, a PE ratio of 19.13 and a beta of 1.16. The business's 50 day moving average price is $469.66 and its 200-day moving average price is $484.64.

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