Cavco Industries, Inc. $CVCO Stake Boosted by Aristides Capital LLC

Key Points

• Aristides Capital LLC increased its stake in Cavco Industries by 47.4% during the first quarter, owning 1,651 shares valued at $858,000.
• Other institutional investors also boosted their stakes, with Marshall Wace LLP increasing its holdings by 305.9% during the fourth quarter.
• Cavco Industries reported $6.42 EPS for its last quarter, exceeding expectations and indicating a strong performance with revenue of $556.86 million.

Aristides Capital LLC increased its stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 47.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,651 shares of the construction company's stock after purchasing an additional 531 shares during the quarter. Aristides Capital LLC's holdings in Cavco Industries were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP grew its stake in Cavco Industries by 305.9% during the 4th quarter. Marshall Wace LLP now owns 2,841 shares of the construction company's stock valued at $1,268,000 after acquiring an additional 2,141 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Cavco Industries by 15.5% during the 4th quarter. First Trust Advisors LP now owns 4,799 shares of the construction company's stock valued at $2,141,000 after buying an additional 645 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Cavco Industries by 3.9% during the 4th quarter. MetLife Investment Management LLC now owns 5,023 shares of the construction company's stock valued at $2,241,000 after buying an additional 189 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Cavco Industries by 58.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 490 shares of the construction company's stock valued at $219,000 after buying an additional 181 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Cavco Industries by 5.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 4,056 shares of the construction company's stock valued at $1,810,000 after buying an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $483.21, for a total value of $966,420.00. Following the transaction, the director owned 3,126 shares of the company's stock, valued at approximately $1,510,514.46. This represents a 39.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Kerley sold 500 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $480.55, for a total value of $240,275.00. Following the completion of the transaction, the director directly owned 7,169 shares in the company, valued at $3,445,062.95. The trade was a 6.52% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CVCO. Wall Street Zen lowered Cavco Industries from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Wedbush reiterated a "neutral" rating and set a $550.00 price target on shares of Cavco Industries in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Cavco Industries currently has an average rating of "Moderate Buy" and a consensus target price of $522.50.

Cavco Industries Stock Performance

Shares of CVCO stock opened at $519.49 on Tuesday. The stock's fifty day moving average is $442.59 and its 200-day moving average is $476.48. The stock has a market capitalization of $4.11 billion, a PE ratio of 22.52 and a beta of 1.15. Cavco Industries, Inc. has a 52 week low of $390.46 and a 52 week high of $549.99.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.81 by $0.61. Cavco Industries had a return on equity of 18.52% and a net margin of 8.99%.The business had revenue of $556.86 million for the quarter, compared to analyst estimates of $524.97 million. As a group, analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

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.

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