13,371 Shares in Cavco Industries, Inc. (NASDAQ:CVCO) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Cavco Industries, Inc. (NASDAQ:CVCO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,371 shares of the construction company's stock, valued at approximately $5,967,000. Raymond James Financial Inc. owned approximately 0.16% of Cavco Industries as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in Cavco Industries in the fourth quarter valued at about $67,000. Smartleaf Asset Management LLC boosted its holdings in shares of Cavco Industries by 387.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 161 shares of the construction company's stock worth $72,000 after acquiring an additional 128 shares in the last quarter. Blue Trust Inc. grew its position in Cavco Industries by 28.9% during the 4th quarter. Blue Trust Inc. now owns 245 shares of the construction company's stock worth $105,000 after acquiring an additional 55 shares during the last quarter. GAMMA Investing LLC increased its holdings in Cavco Industries by 15.2% during the 4th quarter. GAMMA Investing LLC now owns 318 shares of the construction company's stock valued at $142,000 after purchasing an additional 42 shares in 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 valued at $147,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

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

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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew A. Nino sold 894 shares of Cavco Industries stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $529.03, for a total transaction of $472,952.82. Following the transaction, the insider now directly owns 771 shares in the company, valued at approximately $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 sold a total of 7,894 shares of company stock valued at $4,140,833 over the last three months. Company insiders own 1.60% of the company's stock.

Cavco Industries Stock Performance

NASDAQ:CVCO traded down $4.12 on Wednesday, hitting $493.85. 59,352 shares of the stock were exchanged, compared to its average volume of 64,027. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 24.30 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's 50-day moving average price is $501.20 and its 200 day moving average price is $483.91.

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