Sheets Smith Wealth Management Sells 55 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Sheets Smith Wealth Management decreased its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,035 shares of the construction company’s stock after selling 55 shares during the period. Sheets Smith Wealth Management’s holdings in Cavco Industries were worth $705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Group One Trading L.P. bought a new position in shares of Cavco Industries in the 3rd quarter valued at $26,000. Headinvest LLC bought a new stake in Cavco Industries during the 3rd quarter worth $26,000. GAMMA Investing LLC bought a new stake in Cavco Industries during the 4th quarter worth $77,000. Simplex Trading LLC bought a new stake in Cavco Industries during the 4th quarter worth $140,000. Finally, Quantbot Technologies LP bought a new stake in Cavco Industries during the 3rd quarter worth $164,000. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Price Performance

CVCO stock traded up $6.33 during midday trading on Monday, reaching $383.63. 12,858 shares of the stock were exchanged, compared to its average volume of 61,496. The stock has a market capitalization of $3.20 billion, a PE 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. The company has a fifty day moving average price of $374.50 and a 200 day moving average price of $334.26.

Cavco Industries (NASDAQ:CVCO) last issued 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). 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 in the prior year, the firm earned $6.66 EPS. As a group, analysts anticipate that Cavco Industries, Inc. will post 19.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In other news, CAO Paul Bigbee sold 262 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total value of $96,188.06. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $360.00, for a total value of $848,520.00. Following the transaction, the insider now owns 1,248 shares in the company, valued at $449,280. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Paul Bigbee sold 262 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the transaction, the chief accounting officer now owns 766 shares in the company, valued at approximately $281,221.58. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company’s stock.

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.