UBS Group AG Has $23.64 Million Stock Position in Cavco Industries, Inc. $CVCO

UBS Group AG increased its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,017 shares of the construction company’s stock after purchasing an additional 9,589 shares during the quarter. UBS Group AG’s holdings in Cavco Industries were worth $23,640,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of Cavco Industries by 118.2% in the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock valued at $57,000 after buying an additional 65 shares during the period. Danske Bank A S bought a new position in Cavco Industries in the third quarter worth approximately $58,000. CIBC Private Wealth Group LLC boosted its holdings in Cavco Industries by 72.5% in the third quarter. CIBC Private Wealth Group LLC now owns 119 shares of the construction company’s stock worth $69,000 after acquiring an additional 50 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Cavco Industries by 12.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock worth $86,000 after acquiring an additional 22 shares in the last quarter. Finally, CWM LLC boosted its holdings in Cavco Industries by 31.3% in the third quarter. CWM LLC now owns 176 shares of the construction company’s stock worth $102,000 after acquiring an additional 42 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Price Performance

CVCO stock opened at $484.54 on Monday. Cavco Industries, Inc. has a twelve month low of $393.53 and a twelve month high of $713.01. The stock’s 50 day moving average is $512.02 and its 200-day moving average is $562.19. The firm has a market capitalization of $3.76 billion, a PE ratio of 21.05 and a beta of 1.31.

Analyst Upgrades and Downgrades

CVCO has been the topic of several recent research reports. Weiss Ratings lowered Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Zelman & Associates upgraded Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Cavco Industries presently has an average rating of “Moderate Buy” and an average target price of $550.00.

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.