Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 47.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,431 shares of the construction company's stock after selling 119,592 shares during the period. Wellington Management Group LLP owned about 1.63% of Cavco Industries worth $59,095,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ashford Capital Management Inc. lifted its position in shares of Cavco Industries by 1.1% in the 4th quarter. Ashford Capital Management Inc. now owns 58,295 shares of the construction company's stock worth $26,013,000 after purchasing an additional 625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cavco Industries by 22.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,492 shares of the construction company's stock worth $6,913,000 after buying an additional 2,802 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Cavco Industries by 574.2% in the fourth quarter. Vident Advisory LLC now owns 3,553 shares of the construction company's stock worth $1,585,000 after buying an additional 3,026 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Cavco Industries in the fourth quarter worth $267,000. Finally, State of Wyoming raised its holdings in shares of Cavco Industries by 0.8% in the fourth quarter. State of Wyoming now owns 3,066 shares of the construction company's stock worth $1,368,000 after buying an additional 24 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Cavco Industries

In other news, Director David A. Greenblatt sold 4,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the transaction, the director now directly owns 15,286 shares of the company's stock, valued at $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 available through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Cavco Industries Stock Performance

Cavco Industries stock traded up $9.53 during trading hours on Tuesday, reaching $433.04. 41,902 shares of the stock were exchanged, compared to its average volume of 65,695. The stock has a market cap of $3.47 billion, a P/E ratio of 21.31 and a beta of 1.29. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $549.99. The firm's 50 day moving average is $491.10 and its 200 day moving average is $493.27.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The construction company reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $5.23 by $0.17. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. The company had revenue of $508.36 million during the quarter, compared to the consensus estimate of $504.15 million. Equities research analysts expect that Cavco Industries, Inc. will post 21.93 EPS 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.