Principal Financial Group Inc. Purchases 5,521 Shares of Cavco Industries, Inc. $CVCO

Principal Financial Group Inc. boosted its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,569 shares of the construction company’s stock after acquiring an additional 5,521 shares during the quarter. Principal Financial Group Inc.’s holdings in Cavco Industries were worth $27,625,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CVCO. Arizona State Retirement System lifted its holdings in shares of Cavco Industries by 2.6% during the third quarter. Arizona State Retirement System now owns 2,271 shares of the construction company’s stock valued at $1,319,000 after purchasing an additional 57 shares in the last quarter. Summit Global Investments increased its holdings in Cavco Industries by 7.3% in the 3rd quarter. Summit Global Investments now owns 2,257 shares of the construction company’s stock worth $1,311,000 after buying an additional 153 shares in the last quarter. Riverwater Partners LLC purchased a new position in Cavco Industries in the 3rd quarter worth about $207,000. Vanguard Personalized Indexing Management LLC bought a new position in Cavco Industries during the 3rd quarter valued at about $212,000. Finally, Covestor Ltd boosted its holdings in shares of Cavco Industries by 117.1% during the 3rd quarter. Covestor Ltd now owns 432 shares of the construction company’s stock valued at $251,000 after acquiring an additional 233 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Cavco Industries Trading Up 3.0%

Cavco Industries stock opened at $538.73 on Friday. The firm has a 50 day moving average of $607.08 and a 200 day moving average of $554.25. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 23.40 and a beta of 1.32. Cavco Industries, Inc. has a 12-month low of $393.53 and a 12-month high of $713.01.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results 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 firm had revenue of $580.99 million for the quarter, compared to analysts’ expectations of $593.37 million. Cavco Industries had a net margin of 8.37% and a return on equity of 17.84%. On average, analysts predict that Cavco Industries, Inc. will post 21.93 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zelman & Associates raised shares of Cavco Industries to an “outperform” rating in a report on Thursday. Zacks Research lowered shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Cavco Industries in a report on Monday, December 29th. Finally, CJS Securities upgraded Cavco Industries to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $550.00.

Cavco Industries News Roundup

Here are the key news stories impacting Cavco Industries this week:

• Positive Sentiment: Multiple insider buys — CEO William Boor bought 1,000 shares and several directors (David Greenblatt, Steven Moster) added to their stakes in early February, signaling management confidence and providing a tangible catalyst for buying interest. CEO Form 4
• Positive Sentiment: Director purchases detailed — David Greenblatt bought additional shares (87 on Feb 4 and earlier 413), and Steven Moster acquired 300 shares; these incremental buys reinforce insider alignment with shareholders. InsiderTrades Alert
• Positive Sentiment: Positive market narratives — recent MarketBeat coverage highlights rising demand for affordable housing and positions Cavco as a beneficiary, which can lift sentiment and trading flows into CVCO. MarketBeat Article
• Neutral Sentiment: Hedge-fund/industry commentary mentions Cavco in broader markets coverage (InsiderMonkey roundup). This raises awareness but is unlikely by itself to move fundamentals. InsiderMonkey Roundup
• Neutral Sentiment: Short-interest report shows effectively zero reported short interest (no meaningful change), so short-covering is not a likely explanation for intraday moves. (Data appears to show 0 shares and a 0.0 days ratio.)
• Negative Sentiment: Recent quarterly results (Jan. 29) missed consensus on EPS and revenue, which is a fundamental headwind and explains some analyst caution and mixed ratings. Investors should weigh insider buying against the earnings shortfall. MarketBeat CVCO Profile

Cavco Industries Company Profile

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.