Fisher Asset Management LLC Cuts Stock Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

Fisher Asset Management LLC cut its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,517 shares of the construction company’s stock after selling 4,640 shares during the period. Fisher Asset Management LLC owned 0.77% of Cavco Industries worth $22,363,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Group One Trading L.P. purchased a new position in Cavco Industries in the third quarter valued at about $26,000. Headinvest LLC acquired a new stake in Cavco Industries in the third quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new position in Cavco Industries in the fourth quarter worth $77,000. Simplex Trading LLC acquired a new position in shares of Cavco Industries during the fourth quarter worth $140,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Cavco Industries during the third quarter worth about $164,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Insider Activity

In related news, insider Matthew A. Nino sold 2,357 shares of the business’s 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 transaction, the insider now directly owns 1,248 shares in the company, valued at $449,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 sale, the insider now directly owns 1,248 shares of the company’s stock, valued at $449,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Paul Bigbee sold 262 shares of the stock in a transaction dated 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 directly owns 766 shares in the company, valued at $281,221.58. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

Cavco Industries Stock Up 1.4 %

Shares of Cavco Industries stock opened at $377.30 on Monday. The company has a 50 day moving average price of $374.50 and a 200 day moving average price of $334.26. The firm has a market capitalization of $3.15 billion, a P/E ratio of 19.14 and a beta of 1.16. Cavco Industries, Inc. has a 52 week low of $233.84 and a 52 week high of $400.99.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data 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). Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. The firm had revenue of $446.77 million during the quarter, compared to analyst estimates of $428.40 million. During the same period in the prior year, the company posted $6.66 earnings per share. As a group, research analysts anticipate that Cavco Industries, Inc. will post 19.46 earnings per share 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.