Cavco Industries, Inc. (CVCO) Holdings Lifted by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 44.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,646 shares of the construction company’s stock after purchasing an additional 2,651 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Cavco Industries worth $1,121,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in Cavco Industries by 2.2% in the 1st quarter. State of Alaska Department of Revenue now owns 930 shares of the construction company’s stock worth $108,000 after purchasing an additional 20 shares during the period. Victory Capital Management Inc. boosted its stake in Cavco Industries by 34.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,288 shares of the construction company’s stock worth $150,000 after purchasing an additional 329 shares during the period. HighTower Advisors LLC bought a new position in Cavco Industries in the 1st quarter worth approximately $202,000. Mason Street Advisors LLC boosted its stake in Cavco Industries by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 1,977 shares of the construction company’s stock worth $230,000 after purchasing an additional 130 shares during the period. Finally, Suntrust Banks Inc. bought a new position in Cavco Industries in the 1st quarter worth approximately $233,000. Institutional investors and hedge funds own 92.49% of the company’s stock.
In other news, Director William C. Boor sold 3,000 shares of Cavco Industries stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $130.59, for a total value of $391,770.00. Following the sale, the director now directly owns 6,397 shares of the company’s stock, valued at $835,384.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.44% of the stock is owned by insiders.
Cavco Industries, Inc. (NASDAQ:CVCO) traded up 0.07% on Tuesday, hitting $135.55. The stock had a trading volume of 14,490 shares. Cavco Industries, Inc. has a 12 month low of $88.65 and a 12 month high of $143.10. The company has a 50-day moving average of $131.58 and a 200 day moving average of $123.08. The company has a market cap of $1.22 billion, a PE ratio of 27.95 and a beta of 1.54.
Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings data on Monday, August 7th. The construction company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.20. The business had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $200.70 million. Cavco Industries had a return on equity of 11.40% and a net margin of 5.56%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts predict that Cavco Industries, Inc. will post $4.91 EPS for the current fiscal year.
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Several research firms have weighed in on CVCO. BidaskClub downgraded Cavco Industries from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Sidoti upgraded Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th.
About Cavco Industries
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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