Illinois Municipal Retirement Fund Buys 436 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Illinois Municipal Retirement Fund grew its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,565 shares of the construction company’s stock after acquiring an additional 436 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cavco Industries were worth $2,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank grew its position in Cavco Industries by 1.2% during the 3rd quarter. Amalgamated Bank now owns 2,428 shares of the construction company’s stock valued at $1,040,000 after purchasing an additional 29 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Cavco Industries by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 1,791 shares of the construction company’s stock worth $767,000 after buying an additional 31 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Cavco Industries by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 9,493 shares of the construction company’s stock worth $4,066,000 after buying an additional 37 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Cavco Industries by 15.2% during the fourth quarter. GAMMA Investing LLC now owns 318 shares of the construction company’s stock valued at $142,000 after buying an additional 42 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Cavco Industries by 28.9% during the fourth quarter. Blue Trust Inc. now owns 245 shares of the construction company’s stock valued at $105,000 after acquiring an additional 55 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Insider Activity at Cavco Industries

In other Cavco Industries news, Director Susan L. Blount sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $507.18, for a total transaction of $1,014,360.00. Following the completion of the sale, the director now directly owns 2,836 shares in the company, valued at $1,438,362.48. The trade was a 41.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jack S. Brandom sold 1,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $538.00, for a total transaction of $538,000.00. Following the completion of the transaction, the insider now owns 1,176 shares in the company, valued at $632,688. This trade represents a 45.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,519 shares of company stock worth $2,806,172. 1.60% of the stock is owned by insiders.

Cavco Industries Stock Up 1.2 %

CVCO opened at $524.53 on Friday. Cavco Industries, Inc. has a twelve month low of $331.08 and a twelve month high of $544.08. The firm has a 50 day moving average price of $486.93 and a 200-day moving average price of $457.59. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 25.81 and a beta of 1.35.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 30th. The construction company reported $6.90 earnings per share for the quarter, beating analysts’ consensus estimates of $4.89 by $2.01. Cavco Industries had a net margin of 8.75% and a return on equity of 16.17%. As a group, analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CVCO. Wedbush reaffirmed a “neutral” rating and issued a $550.00 price objective (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd. Craig Hallum upped their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

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.