Friedberg Investment Management lowered its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,805 shares of the construction company’s stock after selling 50 shares during the quarter. Friedberg Investment Management owned about 0.13% of Cavco Industries worth $1,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Texas Permanent School Fund grew its position in Cavco Industries by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock valued at $800,000 after purchasing an additional 51 shares during the period. Oppenheimer Asset Management Inc. grew its position in Cavco Industries by 1.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,572 shares of the construction company’s stock valued at $593,000 after purchasing an additional 59 shares during the period. Legal & General Group Plc grew its position in Cavco Industries by 0.9% in the 1st quarter. Legal & General Group Plc now owns 14,009 shares of the construction company’s stock valued at $1,631,000 after purchasing an additional 125 shares during the period. Mason Street Advisors LLC grew its position 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 valued at $230,000 after purchasing an additional 130 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in Cavco Industries by 4.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 4,750 shares of the construction company’s stock valued at $553,000 after purchasing an additional 190 shares during the period. 92.66% of the stock is owned by institutional investors and hedge funds.

In related news, Director David A. Greenblatt sold 3,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $136.68, for a total transaction of $410,040.00. Following the sale, the director now directly owns 10,175 shares of the company’s stock, valued at $1,390,719. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.44% of the company’s stock.

Several research firms recently issued reports on CVCO. BidaskClub raised shares of Cavco Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th.

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Cavco Industries, Inc. (NASDAQ CVCO) traded up 0.10% during trading on Friday, reaching $151.35. 33,871 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $137.71 and a 200-day moving average of $126.55. Cavco Industries, Inc. has a 12 month low of $88.65 and a 12 month high of $153.57. The stock has a market cap of $1.37 billion, a PE ratio of 31.21 and a beta of 1.57.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Monday, August 7th. The construction company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.08 by $0.20. Cavco Industries had a return on equity of 11.40% and a net margin of 5.56%. The company had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $200.70 million. During the same period last year, the firm posted $0.60 earnings per share. Cavco Industries’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Cavco Industries, Inc. will post $4.71 earnings per share for the current fiscal year.

Cavco Industries Company Profile

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.

Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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