Cerity Partners LLC Makes New $6.09 Million Investment in Cavco Industries, Inc. (NASDAQ:CVCO)

Cerity Partners LLC purchased a new position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,554 shares of the construction company's stock, valued at approximately $6,085,000. Cerity Partners LLC owned about 0.21% of Cavco Industries at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CVCO. American Century Companies Inc. boosted its position in Cavco Industries by 18.0% in the 3rd quarter. American Century Companies Inc. now owns 208,156 shares of the construction company's stock valued at $55,299,000 after buying an additional 31,707 shares during the last quarter. Cannell Capital LLC lifted its stake in shares of Cavco Industries by 4.9% in the 3rd quarter. Cannell Capital LLC now owns 66,416 shares of the construction company's stock valued at $17,644,000 after purchasing an additional 3,084 shares during the period. Roundview Capital LLC acquired a new position in shares of Cavco Industries in the 3rd quarter valued at $656,000. Comerica Bank acquired a new position in shares of Cavco Industries in the 2nd quarter valued at $12,340,000. Finally, Boston Trust Walden Corp lifted its stake in shares of Cavco Industries by 16.0% in the 4th quarter. Boston Trust Walden Corp now owns 195,904 shares of the construction company's stock valued at $67,904,000 after purchasing an additional 27,087 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Paul Bigbee sold 262 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the sale, the chief accounting officer now owns 766 shares of the company's stock, valued at approximately $281,221.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of Cavco Industries stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the sale, the insider now owns 1,248 shares of the company's stock, valued at approximately $449,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Paul Bigbee sold 262 shares of Cavco Industries stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the completion of the sale, the chief accounting officer now directly owns 766 shares in the company, valued at approximately $281,221.58. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Cavco Industries Price Performance

Shares of CVCO stock traded down $13.46 during trading hours on Tuesday, reaching $356.97. The company had a trading volume of 89,853 shares, compared to its average volume of 64,180. The company has a 50 day moving average of $374.19 and a 200 day moving average of $324.92. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 18.11 and a beta of 1.15. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $400.99.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.36 by ($0.09). The company had revenue of $446.77 million during the quarter, compared to analyst estimates of $428.40 million. Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. During the same period last year, the company earned $6.66 EPS. As a group, sell-side analysts forecast that Cavco Industries, Inc. will post 19.46 EPS for the current fiscal 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.