Dimensional Fund Advisors LP boosted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO – Get Rating) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 394,088 shares of the construction company’s stock after purchasing an additional 11,325 shares during the quarter. Dimensional Fund Advisors LP owned 4.53% of Cavco Industries worth $89,164,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Cavco Industries by 4.6% during the first quarter. Vanguard Group Inc. now owns 789,464 shares of the construction company’s stock worth $190,142,000 after acquiring an additional 34,461 shares in the last quarter. State Street Corp grew its stake in shares of Cavco Industries by 3.4% during the 1st quarter. State Street Corp now owns 322,818 shares of the construction company’s stock worth $77,751,000 after acquiring an additional 10,654 shares in the last quarter. Broad Bay Capital Management LP raised its holdings in shares of Cavco Industries by 9.0% in the third quarter. Broad Bay Capital Management LP now owns 292,000 shares of the construction company’s stock valued at $60,082,000 after purchasing an additional 24,000 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Cavco Industries by 0.5% in the fourth quarter. Boston Trust Walden Corp now owns 248,266 shares of the construction company’s stock worth $56,170,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Cavco Industries by 4.7% during the second quarter. Millennium Management LLC now owns 103,330 shares of the construction company’s stock worth $20,252,000 after purchasing an additional 4,649 shares during the last quarter. Institutional investors own 93.32% of the company’s stock.
Insider Activity
In other Cavco Industries news, insider Gavin Ryan sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $290.03, for a total transaction of $870,090.00. Following the transaction, the insider now owns 529 shares in the company, valued at approximately $153,425.87. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.62% of the stock is owned by company insiders.
Cavco Industries Stock Performance
Analysts Set New Price Targets
Several brokerages have commented on CVCO. Craig Hallum cut their price target on shares of Cavco Industries from $357.00 to $338.00 in a research report on Monday. Wedbush upped their price objective on Cavco Industries from $410.00 to $425.00 in a research note on Monday. Finally, StockNews.com assumed coverage on shares of Cavco Industries in a research report on Thursday, May 18th. They set a “buy” rating on the stock.
Cavco Industries Profile
Cavco Industries, Inc engages in the development of residential modular structures. It offers manufactured homes, modular homes, park model RVs and cabins, commercial structures, mortgage lending, and insurance. The firm’s brands include Cavco, Fleetwood, Palm Harbor and Fairmont, Friendship, Chariot Eagle and Destiny.
See Also
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