Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 237 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,120 shares of the construction company’s stock after purchasing an additional 237 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Cavco Industries were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CVCO. Hsbc Holdings PLC raised its position in Cavco Industries by 20.7% during the 2nd quarter. Hsbc Holdings PLC now owns 1,578 shares of the construction company’s stock valued at $546,000 after purchasing an additional 271 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Cavco Industries in the 2nd quarter worth $692,000. Squarepoint Ops LLC bought a new position in shares of Cavco Industries in the 2nd quarter worth $594,000. The Manufacturers Life Insurance Company raised its position in shares of Cavco Industries by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,602 shares of the construction company’s stock worth $1,593,000 after acquiring an additional 87 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Cavco Industries in the 2nd quarter worth $262,000. 95.56% of the stock is owned by institutional investors.

Cavco Industries Price Performance

Shares of CVCO stock opened at $471.76 on Wednesday. Cavco Industries, Inc. has a 1-year low of $324.77 and a 1-year high of $544.08. The stock’s fifty day moving average price is $474.28 and its 200 day moving average price is $437.15. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 26.67 and a beta of 1.33.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.58. The firm had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same period in the previous year, the business earned $4.76 EPS. As a group, equities research analysts anticipate that Cavco Industries, Inc. will post 18 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on CVCO shares. Wedbush lowered Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price target for the company. in a research report on Tuesday, December 3rd. Craig Hallum boosted their target price on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, StockNews.com downgraded Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, CAO Paul Bigbee sold 100 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $512.23, for a total transaction of $51,223.00. Following the sale, the chief accounting officer now owns 981 shares in the company, valued at approximately $502,497.63. The trade was a 9.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Blount sold 750 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $485.56, for a total value of $364,170.00. Following the sale, the director now owns 2,086 shares in the company, valued at approximately $1,012,878.16. The trade was a 26.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,850 shares of company stock worth $889,417. 1.60% of the stock is currently owned by insiders.

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.