LPL Financial LLC Grows Position in Cavco Industries, Inc. (NASDAQ:CVCO)

LPL Financial LLC grew its holdings in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 174.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,114 shares of the construction company's stock after acquiring an additional 1,344 shares during the period. LPL Financial LLC's holdings in Cavco Industries were worth $943,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CVCO. Raymond James Financial Inc. bought a new stake in Cavco Industries during the 4th quarter worth approximately $5,967,000. JPMorgan Chase & Co. raised its position in shares of Cavco Industries by 55.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,887 shares of the construction company's stock valued at $15,368,000 after purchasing an additional 12,780 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Cavco Industries during the 4th quarter valued at $5,376,000. Westbourne Investment Advisors Inc. lifted its stake in shares of Cavco Industries by 1,656.3% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 12,733 shares of the construction company's stock valued at $5,682,000 after buying an additional 12,008 shares in the last quarter. Finally, Crown Advisors Management Inc. bought a new position in Cavco Industries in the 4th quarter worth $5,354,000. 95.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cavco Industries

In other news, Director David A. Greenblatt sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the transaction, the director now owns 15,286 shares of the company's stock, valued at approximately $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Matthew A. Nino sold 894 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total value of $472,952.82. Following the sale, the insider now directly owns 771 shares of the company's stock, valued at $407,882.13. This represents a 53.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,894 shares of company stock worth $4,140,833 over the last ninety days. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wedbush restated a "neutral" rating and issued a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. StockNews.com downgraded Cavco Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd.

Cavco Industries Stock Performance

NASDAQ:CVCO traded down $3.06 during trading hours on Friday, reaching $485.68. The stock had a trading volume of 12,129 shares, compared to its average volume of 63,649. The stock has a market capitalization of $3.94 billion, a PE ratio of 23.92 and a beta of 1.19. Cavco Industries, Inc. has a 52 week low of $331.08 and a 52 week high of $544.08. The company has a 50 day moving average price of $504.28 and a two-hundred day moving average price of $481.96.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, topping the consensus estimate of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. Equities research analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.

About Cavco Industries

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.