Gabelli Funds LLC Sells 1,900 Shares of Cavco Industries, Inc. $CVCO

Gabelli Funds LLC lessened its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 47,410 shares of the construction company’s stock after selling 1,900 shares during the period. Gabelli Funds LLC’s holdings in Cavco Industries were worth $28,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Osaic Holdings Inc. raised its position in 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 last quarter. Danske Bank A S acquired a new stake in Cavco Industries in the 3rd quarter valued at approximately $58,000. CIBC Private Wealth Group LLC raised its position in Cavco Industries by 72.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 119 shares of the construction company’s stock valued at $69,000 after buying an additional 50 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Cavco Industries by 12.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 199 shares of the construction company’s stock valued at $86,000 after buying an additional 22 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Cavco Industries by 27.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 186 shares of the construction company’s stock valued at $109,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cavco Industries Stock Up 0.5%

NASDAQ:CVCO opened at $458.11 on Tuesday. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.90 and a beta of 1.31. 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 price is $497.85 and its two-hundred day moving average price is $556.85.

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.