UBS Asset Management Americas Inc. maintained its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,223 shares of the construction company’s stock at the close of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Cavco Industries were worth $418,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Texas Permanent School Fund boosted its holdings in shares of Cavco Industries by 0.8% during the second quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock worth $800,000 after purchasing an additional 51 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Cavco Industries by 1.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,572 shares of the construction company’s stock worth $593,000 after purchasing an additional 59 shares during the period. Legal & General Group Plc boosted its holdings in shares of Cavco Industries by 0.9% during the first quarter. Legal & General Group Plc now owns 14,009 shares of the construction company’s stock worth $1,631,000 after purchasing an additional 125 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of Cavco Industries by 4.2% during the first quarter. Thrivent Financial For Lutherans now owns 4,750 shares of the construction company’s stock worth $553,000 after purchasing an additional 190 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Cavco Industries by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,517 shares of the construction company’s stock worth $197,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Cavco Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th.

In other Cavco Industries news, Director David A. Greenblatt sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 10,175 shares of the company’s stock, valued at approximately $1,390,719. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.44% of the company’s stock.

Cavco Industries, Inc. (NASDAQ:CVCO) opened at 155.25 on Monday. Cavco Industries, Inc. has a 12 month low of $88.65 and a 12 month high of $156.60. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 32.02 and a beta of 1.56. The company’s 50-day moving average is $146.91 and its 200 day moving average is $130.56.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Monday, August 7th. The construction company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.20. Cavco Industries had a return on equity of 11.40% and a net margin of 5.56%. The firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $200.70 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Equities analysts forecast that Cavco Industries, Inc. will post $4.48 earnings per share for the current fiscal year.

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Cavco Industries 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.

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

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