Cavco Industries, Inc. (NASDAQ:CVCO) Stock Holdings Lessened by Teton Advisors Inc.

Teton Advisors Inc. lessened its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 76.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,400 shares of the construction company’s stock after selling 11,140 shares during the quarter. Teton Advisors Inc.’s holdings in Cavco Industries were worth $1,179,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in Cavco Industries by 1,477.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,663 shares of the construction company’s stock valued at $1,963,000 after acquiring an additional 5,304 shares in the last quarter. Rafferty Asset Management LLC raised its position in Cavco Industries by 16.9% during the fourth quarter. Rafferty Asset Management LLC now owns 5,578 shares of the construction company’s stock valued at $1,933,000 after acquiring an additional 806 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in Cavco Industries during the fourth quarter valued at approximately $419,000. Allianz Asset Management GmbH raised its position in Cavco Industries by 1.0% during the fourth quarter. Allianz Asset Management GmbH now owns 15,000 shares of the construction company’s stock valued at $5,199,000 after acquiring an additional 155 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Cavco Industries by 680.1% during the fourth quarter. US Bancorp DE now owns 2,348 shares of the construction company’s stock valued at $814,000 after purchasing an additional 2,047 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Stock Up 1.9 %

CVCO stock traded up $7.02 during midday trading on Thursday, hitting $372.02. 58,189 shares of the company traded hands, compared to its average volume of 62,252. Cavco Industries, Inc. has a twelve month low of $233.84 and a twelve month high of $400.99. The business has a 50 day simple moving average of $374.17 and a 200-day simple moving average of $332.29. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 18.52 and a beta of 1.16.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 EPS for the quarter, missing the consensus estimate of $4.36 by ($0.09). Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. The company had revenue of $446.77 million for the quarter, compared to analyst estimates of $428.40 million. During the same quarter last year, the business earned $6.66 EPS. Equities research analysts forecast that Cavco Industries, Inc. will post 19.46 EPS for the current year.

Insider Buying and Selling at Cavco Industries

In other news, insider Matthew A. Nino sold 2,357 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were 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 in the company, valued at $449,280. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Paul Bigbee sold 262 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $367.13, for a total value of $96,188.06. Following the sale, the chief accounting officer now owns 766 shares in the company, valued at $281,221.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew A. Nino sold 2,357 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was 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 in the company, valued at approximately $449,280. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

Cavco Industries 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.