Northern Trust Corp Buys 7,986 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Northern Trust Corp raised its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,732 shares of the construction company's stock after purchasing an additional 7,986 shares during the quarter. Northern Trust Corp owned 1.13% of Cavco Industries worth $40,934,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in Cavco Industries in the 4th quarter worth approximately $67,000. Smartleaf Asset Management LLC raised its stake in shares of Cavco Industries by 387.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after purchasing an additional 128 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock valued at $105,000 after purchasing an additional 55 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after buying an additional 42 shares during the last quarter. Finally, KBC Group NV raised its position in Cavco Industries by 35.2% in the 4th quarter. KBC Group NV now owns 330 shares of the construction company's stock worth $147,000 after buying an additional 86 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cavco Industries news, Director David A. Greenblatt sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $528.88, for a total value of $2,115,520.00. Following the completion of the transaction, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. This represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Cavco Industries Stock Down 0.6 %

NASDAQ:CVCO traded down $2.90 on Friday, hitting $524.14. The stock had a trading volume of 43,300 shares, compared to its average volume of 64,256. Cavco Industries, Inc. has a 52-week low of $331.08 and a 52-week high of $544.08. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 25.79 and a beta of 1.29. The business's 50-day simple moving average is $499.98 and its two-hundred day simple moving average is $488.22.

Wall Street Analyst Weigh In

CVCO has been the topic of a number of recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $550.00 price target (up previously from $480.00) on shares of Cavco Industries in a report on Monday, February 3rd. StockNews.com raised shares of Cavco Industries from a "hold" rating to a "buy" rating in a research report on Friday, April 25th.

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.