Cavco Industries, Inc. (NASDAQ:CVCO) Position Reduced by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 5.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,814 shares of the construction company’s stock after selling 158 shares during the period. Maryland State Retirement & Pension System’s holdings in Cavco Industries were worth $975,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its position in Cavco Industries by 38.0% in the fourth quarter. Pacer Advisors Inc. now owns 169,643 shares of the construction company’s stock worth $58,802,000 after acquiring an additional 46,726 shares in the last quarter. American Century Companies Inc. boosted its holdings in Cavco Industries by 18.0% during the third quarter. American Century Companies Inc. now owns 208,156 shares of the construction company’s stock worth $55,299,000 after buying an additional 31,707 shares in the last quarter. Boston Trust Walden Corp grew its position in Cavco Industries by 16.0% in the fourth quarter. Boston Trust Walden Corp now owns 195,904 shares of the construction company’s stock worth $67,904,000 after buying an additional 27,087 shares during the last quarter. Cerity Partners LLC bought a new position in shares of Cavco Industries in the fourth quarter valued at $6,085,000. Finally, Schroder Investment Management Group boosted its stake in shares of Cavco Industries by 12.1% during the 3rd quarter. Schroder Investment Management Group now owns 136,868 shares of the construction company’s stock worth $36,360,000 after acquiring an additional 14,742 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Stock Up 1.4 %

NASDAQ:CVCO opened at $376.87 on Friday. The stock has a fifty day simple moving average of $375.22 and a 200 day simple moving average of $336.55. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 19.12 and a beta of 1.16. Cavco Industries, Inc. has a 1-year low of $233.84 and a 1-year high of $400.99.

Insiders Place Their Bets

In other news, CAO Paul Bigbee sold 262 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total value of $96,188.06. Following the completion of the sale, the chief accounting officer now owns 766 shares of the company’s stock, valued at $281,221.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.73% of the company’s stock.

About Cavco Industries

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.