733 Shares in Cavco Industries, Inc. $CVCO Acquired by Jump Financial LLC

Jump Financial LLC purchased a new position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 733 shares of the construction company's stock, valued at approximately $381,000.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in Cavco Industries by 103.3% during the first quarter. Victory Capital Management Inc. now owns 14,953 shares of the construction company's stock worth $7,770,000 after acquiring an additional 7,598 shares during the period. Allspring Global Investments Holdings LLC increased its position in Cavco Industries by 62.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,403 shares of the construction company's stock worth $6,402,000 after acquiring an additional 4,779 shares during the period. GAMMA Investing LLC increased its position in Cavco Industries by 38.7% during the first quarter. GAMMA Investing LLC now owns 441 shares of the construction company's stock worth $229,000 after acquiring an additional 123 shares during the period. Meeder Asset Management Inc. bought a new position in Cavco Industries during the first quarter worth about $1,115,000. Finally, Informed Momentum Co LLC bought a new position in Cavco Industries during the first quarter worth about $4,480,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Trading Down 1.7%

Cavco Industries stock traded down $9.40 during trading hours on Friday, reaching $545.84. 170,673 shares of the stock were exchanged, compared to its average volume of 145,288. The stock has a 50 day moving average of $464.45 and a two-hundred day moving average of $476.86. Cavco Industries, Inc. has a twelve month low of $393.53 and a twelve month high of $568.97. The company has a market cap of $4.32 billion, a P/E ratio of 23.66 and a beta of 1.23.

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

Insider Activity

In other news, Director Richard A. Kerley sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $480.55, for a total value of $240,275.00. Following the sale, the director directly owned 7,169 shares in the company, valued at approximately $3,445,062.95. This trade represents a 6.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Paul Bigbee sold 300 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $530.45, for a total transaction of $159,135.00. Following the completion of the sale, the chief accounting officer owned 774 shares in the company, valued at approximately $410,568.30. The trade was a 27.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,600 shares of company stock worth $2,820,884. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on CVCO. Wall Street Zen lowered shares of Cavco Industries from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Wedbush reiterated a "neutral" rating and set a $550.00 price objective on shares of Cavco Industries in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $522.50.

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.