Rafferty Asset Management LLC Purchases 1,802 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Rafferty Asset Management LLC raised its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 49.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,483 shares of the construction company’s stock after purchasing an additional 1,802 shares during the period. Rafferty Asset Management LLC’s holdings in Cavco Industries were worth $2,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its position in Cavco Industries by 118.8% during the 4th quarter. FMR LLC now owns 296,343 shares of the construction company’s stock valued at $132,237,000 after purchasing an additional 160,899 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Cavco Industries during the 4th quarter valued at $5,376,000. Charles Schwab Investment Management Inc. raised its position in shares of Cavco Industries by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 110,977 shares of the construction company’s stock worth $49,521,000 after acquiring an additional 1,524 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Cavco Industries in the 4th quarter worth $215,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Cavco Industries in the 4th quarter worth $308,000. 95.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director David A. Greenblatt sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $528.88, for a total transaction of $2,115,520.00. Following the transaction, the director now directly owns 15,286 shares in the company, valued at $8,084,459.68. The trade was a 20.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Cavco Industries Price Performance

Shares of CVCO stock opened at $517.88 on Tuesday. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $549.99. The stock’s fifty day moving average price is $500.86 and its 200 day moving average price is $493.14. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 25.49 and a beta of 1.29.

Wall Street Analysts Forecast Growth

CVCO has been the subject of several recent research reports. StockNews.com lowered Cavco Industries from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Wedbush reissued a “neutral” rating and issued a $550.00 price target (up from $480.00) on shares of Cavco Industries in a research report on Monday, February 3rd.

Cavco Industries Profile

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.