18,216 Shares in Cavco Industries, Inc. $CVCO Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,216 shares of the construction company’s stock, valued at approximately $10,579,000. Segall Bryant & Hamill LLC owned about 0.23% of Cavco Industries at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CVCO. Salomon & Ludwin LLC bought a new position in shares of Cavco Industries in the third quarter valued at $31,000. Mather Group LLC. acquired a new position in shares of Cavco Industries in the 3rd quarter worth $63,000. Osaic Holdings Inc. raised its position in shares of Cavco Industries by 118.2% during the second quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock worth $57,000 after purchasing an additional 65 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Cavco Industries by 1,814.3% during the second quarter. Parkside Financial Bank & Trust now owns 134 shares of the construction company’s stock worth $58,000 after purchasing an additional 127 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Cavco Industries during the third quarter valued at $86,000. 95.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David A. Greenblatt bought 413 shares of the stock in a transaction on Tuesday, February 3rd. The shares were purchased at an average price of $463.01 per share, for a total transaction of $191,223.13. Following the completion of the purchase, the director directly owned 15,989 shares of the company’s stock, valued at $7,403,066.89. This trade represents a 2.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven W. Moster bought 300 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was purchased at an average cost of $456.23 per share, for a total transaction of $136,869.00. Following the completion of the transaction, the director owned 2,976 shares in the company, valued at approximately $1,357,740.48. The trade was a 11.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 1,800 shares of company stock worth $866,592 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CVCO. Zacks Research downgraded Cavco Industries from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Weiss Ratings downgraded shares of Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. CJS Securities upgraded shares of Cavco Industries to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Zelman & Associates raised shares of Cavco Industries to an “outperform” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cavco Industries presently has a consensus rating of “Hold” and a consensus target price of $550.00.

Cavco Industries Price Performance

NASDAQ CVCO opened at $579.70 on Thursday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 25.18 and a beta of 1.28. The company has a 50 day simple moving average of $601.95 and a 200-day simple moving average of $572.42. Cavco Industries, Inc. has a 52-week low of $393.53 and a 52-week high of $713.01.

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