Cavco Industries, Inc. $CVCO Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,528 shares of the construction company’s stock after selling 1,855 shares during the period. Gamco Investors INC. ET AL’s holdings in Cavco Industries were worth $56,637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Cavco Industries by 6.1% in the 2nd quarter. State Street Corp now owns 380,682 shares of the construction company’s stock valued at $165,380,000 after buying an additional 21,837 shares during the period. Boston Partners increased its holdings in shares of Cavco Industries by 5,371.3% during the 2nd quarter. Boston Partners now owns 201,947 shares of the construction company’s stock worth $87,847,000 after buying an additional 198,256 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Cavco Industries by 76.9% during the 2nd quarter. Schroder Investment Management Group now owns 130,106 shares of the construction company’s stock valued at $56,522,000 after buying an additional 56,578 shares during the period. Handelsbanken Fonder AB lifted its holdings in Cavco Industries by 6.8% in the third quarter. Handelsbanken Fonder AB now owns 81,786 shares of the construction company’s stock valued at $47,496,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Cavco Industries by 22.0% in the third quarter. Bessemer Group Inc. now owns 66,614 shares of the construction company’s stock valued at $38,684,000 after acquiring an additional 11,996 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Stock Performance

NASDAQ:CVCO opened at $536.49 on Friday. The stock has a market capitalization of $4.16 billion, a P/E ratio of 23.31 and a beta of 1.28. The company has a 50 day moving average price of $599.86 and a 200 day moving average price of $572.72. Cavco Industries, Inc. has a fifty-two week low of $393.53 and a fifty-two week high of $713.01.

Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Thursday, January 29th. The construction company reported $5.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.00 by ($0.42). The firm had revenue of $580.99 million during 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%. Research analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CVCO. Zelman & Associates raised Cavco Industries to an “outperform” rating in a research note on Thursday, February 5th. Weiss Ratings lowered Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. CJS Securities upgraded Cavco Industries to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Zacks Research downgraded Cavco Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cavco Industries presently has a consensus rating of “Hold” and an average target price of $550.00.

Insider Transactions at Cavco Industries

In other news, Director Steven W. Moster bought 300 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average price of $456.23 per share, with a total value of $136,869.00. Following the purchase, the director owned 2,976 shares in the company, valued at approximately $1,357,740.48. The trade was a 11.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William C. Boor bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of $495.00 per share, for a total transaction of $495,000.00. Following the purchase, the chief executive officer owned 48,022 shares in the company, valued at $23,770,890. This represents a 2.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 1,800 shares of company stock worth $866,592 over the last ninety days. Company insiders own 1.60% of the company’s stock.

About Cavco Industries

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.