Fisher Asset Management LLC Decreases Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Fisher Asset Management LLC lessened its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,517 shares of the construction company's stock after selling 4,640 shares during the period. Fisher Asset Management LLC owned approximately 0.77% of Cavco Industries worth $22,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC bought a new position in shares of Cavco Industries in the 3rd quarter worth $390,000. Punch & Associates Investment Management Inc. purchased a new stake in shares of Cavco Industries in the 3rd quarter valued at $6,281,000. Cascade Investment Advisors Inc. boosted its stake in shares of Cavco Industries by 46.7% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,276 shares of the construction company's stock valued at $1,136,000 after purchasing an additional 1,361 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cavco Industries by 14.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,688 shares of the construction company's stock valued at $980,000 after purchasing an additional 477 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Cavco Industries by 1.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 11,352 shares of the construction company's stock valued at $3,016,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Insider Buying and Selling at Cavco Industries

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

Cavco Industries Stock Up 1.1 %

Shares of Cavco Industries stock traded up $4.23 during trading on Monday, reaching $381.53. The company's stock had a trading volume of 24,687 shares, compared to its average volume of 61,638. Cavco Industries, Inc. has a 52-week low of $233.84 and a 52-week high of $400.99. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 19.36 and a beta of 1.16. The firm's 50-day moving average is $374.80 and its two-hundred day moving average is $335.16.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.36 by ($0.09). The business had revenue of $446.77 million during the quarter, compared to analysts' expectations 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 posted $6.66 EPS. On average, equities research analysts anticipate that Cavco Industries, Inc. will post 19.46 EPS for the current 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.