Cavco Industries, Inc. $CVCO Stock Holdings Lessened by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 771,833 shares of the construction company’s stock after selling 32,273 shares during the period. Vanguard Group Inc. owned about 0.10% of Cavco Industries worth $448,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Cavco Industries by 5.2% in the first quarter. Royal Bank of Canada now owns 18,951 shares of the construction company’s stock valued at $9,849,000 after buying an additional 934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cavco Industries by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,799 shares of the construction company’s stock worth $2,494,000 after buying an additional 90 shares during the period. United Services Automobile Association acquired a new stake in Cavco Industries in the 1st quarter valued at approximately $266,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cavco Industries by 15.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,876 shares of the construction company’s stock worth $9,289,000 after acquiring an additional 2,384 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Cavco Industries by 1.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 3,773 shares of the construction company’s stock valued at $1,639,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Ratings Changes

CVCO has been the subject of a number of recent analyst reports. Zelman & Associates upgraded shares of Cavco Industries to an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cavco Industries in a report on Monday, December 29th. CJS Securities upgraded shares of Cavco Industries to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research downgraded Cavco Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $550.00.

Insider Buying and Selling

In other news, CEO William C. Boor bought 1,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average cost of $495.00 per share, with a total value of $495,000.00. Following the completion of the transaction, the chief executive officer directly owned 48,022 shares in the company, valued at approximately $23,770,890. The trade was a 2.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven W. Moster purchased 300 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $456.23 per share, for a total transaction of $136,869.00. Following the acquisition, the director directly owned 2,976 shares of the company’s stock, valued at $1,357,740.48. This trade represents a 11.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 1,800 shares of company stock valued at $866,592. 1.60% of the stock is owned by corporate insiders.

Cavco Industries Stock Performance

NASDAQ CVCO opened at $580.95 on Thursday. Cavco Industries, Inc. has a 1 year low of $393.53 and a 1 year high of $713.01. The business’s fifty day moving average is $605.30 and its two-hundred day moving average is $569.09. The stock has a market capitalization of $4.51 billion, a P/E ratio of 25.24 and a beta of 1.32.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Thursday, January 29th. The construction company reported $5.58 earnings per share for the quarter, missing the consensus estimate of $6.00 by ($0.42). The company had revenue of $580.99 million for the quarter, compared to the consensus estimate of $593.37 million. Cavco Industries had a return on equity of 17.84% and a net margin of 8.37%. On average, research analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

About Cavco Industries

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.