Marks Group Wealth Management Inc Has $2.70 Million Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Marks Group Wealth Management Inc grew its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,780 shares of the construction company’s stock after buying an additional 89 shares during the period. Marks Group Wealth Management Inc’s holdings in Cavco Industries were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Cavco Industries during the 3rd quarter valued at $1,051,000. Guidance Capital Inc. lifted its stake in shares of Cavco Industries by 8.1% during the 3rd quarter. Guidance Capital Inc. now owns 881 shares of the construction company’s stock worth $224,000 after buying an additional 66 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Cavco Industries by 4.0% during the 3rd quarter. Boston Trust Walden Corp now owns 168,817 shares of the construction company’s stock worth $44,848,000 after buying an additional 6,458 shares during the period. Hunter Perkins Capital Management LLC grew its stake in Cavco Industries by 18.5% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 1,165 shares of the construction company’s stock valued at $309,000 after buying an additional 182 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its stake in Cavco Industries by 2.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,090 shares of the construction company’s stock valued at $555,000 after buying an additional 54 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of Cavco Industries stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $360.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of Cavco Industries stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total value of $96,188.06. Following the completion of the transaction, the chief accounting officer now directly owns 766 shares of the company’s stock, valued at approximately $281,221.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew A. Nino sold 2,357 shares of the company’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 of the company’s stock, valued at $449,280. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

Cavco Industries Trading Up 5.7 %

CVCO stock traded up $20.65 during mid-day trading on Tuesday, hitting $380.17. 24,090 shares of the company were exchanged, compared to its average volume of 63,420. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $400.99. The stock has a market capitalization of $3.17 billion, a PE ratio of 18.24 and a beta of 1.15. The business has a 50 day simple moving average of $373.80 and a 200-day simple moving average of $327.67.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results 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). The firm had revenue of $446.77 million for the quarter, compared to the consensus estimate of $428.40 million. Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. During the same quarter last year, the business posted $6.66 EPS. Equities research analysts expect that Cavco Industries, Inc. will post 19.46 earnings per share for the current 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.