State of Alaska Department of Revenue Has $1.26 Million Holdings in Cavco Industries, Inc. (NASDAQ:CVCO)

State of Alaska Department of Revenue raised its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 126.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,582 shares of the construction company’s stock after purchasing an additional 3,675 shares during the period. State of Alaska Department of Revenue owned 0.07% of Cavco Industries worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new stake in shares of Cavco Industries in the 2nd quarter valued at approximately $29,000. Acadian Asset Management LLC acquired a new stake in shares of Cavco Industries in the 2nd quarter valued at approximately $64,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Cavco Industries by 13.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 719 shares of the construction company’s stock valued at $113,000 after acquiring an additional 85 shares during the period. Flinton Capital Management LLC raised its position in shares of Cavco Industries by 42.4% in the 2nd quarter. Flinton Capital Management LLC now owns 752 shares of the construction company’s stock valued at $118,000 after acquiring an additional 224 shares during the period. Finally, Riverhead Capital Management LLC raised its position in shares of Cavco Industries by 33.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 800 shares of the construction company’s stock valued at $126,000 after acquiring an additional 200 shares during the period. Institutional investors own 92.92% of the company’s stock.

Shares of CVCO stock opened at $191.10 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.06 and a current ratio of 2.73. The company has a market capitalization of $1.72 billion, a P/E ratio of 24.89 and a beta of 1.59. The company’s 50 day moving average price is $188.69 and its two-hundred day moving average price is $157.24. Cavco Industries, Inc. has a 52 week low of $112.00 and a 52 week high of $243.02.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Monday, July 29th. The construction company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.87 by $0.44. The firm had revenue of $264.04 million for the quarter, compared to the consensus estimate of $256.38 million. Cavco Industries had a net margin of 7.16% and a return on equity of 13.48%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $2.12 EPS.

CVCO has been the topic of a number of analyst reports. Craig Hallum increased their price target on shares of Cavco Industries from $153.00 to $173.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. BidaskClub downgraded shares of Cavco Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th.

About Cavco Industries

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

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

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