Moloney Securities Asset Management LLC Has $345,000 Stock Holdings in Cavco Industries, Inc. $CVCO

Moloney Securities Asset Management LLC boosted its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 53.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 795 shares of the construction company’s stock after acquiring an additional 277 shares during the period. Moloney Securities Asset Management LLC’s holdings in Cavco Industries were worth $345,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Cavco Industries by 151.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 88 shares of the construction company’s stock worth $38,000 after acquiring an additional 53 shares during the period. CWM LLC grew its holdings in Cavco Industries by 44.0% during the 1st quarter. CWM LLC now owns 157 shares of the construction company’s stock worth $82,000 after acquiring an additional 48 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Cavco Industries by 2,850.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 177 shares of the construction company’s stock worth $92,000 after acquiring an additional 171 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Cavco Industries during the 1st quarter worth $112,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Cavco Industries during the 2nd quarter worth $156,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Wedbush reissued a “neutral” rating and issued a $550.00 price target on shares of Cavco Industries in a report on Monday, August 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Cavco Industries in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $522.50.

Cavco Industries Stock Down 0.4%

Shares of CVCO stock opened at $590.92 on Friday. Cavco Industries, Inc. has a 12-month low of $393.53 and a 12-month high of $602.57. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 25.61 and a beta of 1.23. The firm has a fifty day moving average of $541.84 and a 200-day moving average of $486.35.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.81 by $0.61. The company had revenue of $556.86 million during the quarter, compared to analyst estimates of $524.97 million. Cavco Industries had a net margin of 8.99% and a return on equity of 18.52%. Research analysts expect that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Richard A. Kerley sold 500 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $480.55, for a total value of $240,275.00. Following the completion of the transaction, the director directly owned 7,169 shares of the company’s stock, valued at approximately $3,445,062.95. This represents a 6.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Blount sold 2,500 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $519.30, for a total transaction of $1,298,250.00. Following the completion of the transaction, the director directly owned 3,126 shares of the company’s stock, valued at approximately $1,623,331.80. The trade was a 44.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,600 shares of company stock valued at $2,820,884. Company insiders own 1.60% of the company’s stock.

Cavco Industries Company 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.