Neumeier Poma Investment Counsel LLC Boosts Holdings in Cavco Industries, Inc. $CVCO

Neumeier Poma Investment Counsel LLC raised its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 42.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,312 shares of the construction company’s stock after purchasing an additional 16,535 shares during the quarter. Cavco Industries accounts for approximately 2.7% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 17th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Cavco Industries were worth $32,675,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. 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 valued at $86,000 after purchasing an additional 22 shares during the last quarter. Guidance Capital Inc. boosted its holdings in Cavco Industries by 3.3% in the third quarter. Guidance Capital Inc. now owns 1,122 shares of the construction company’s stock valued at $663,000 after purchasing an additional 36 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Cavco Industries by 27.4% in the third quarter. Smartleaf Asset Management LLC now owns 186 shares of the construction company’s stock valued at $109,000 after purchasing an additional 40 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Cavco Industries by 2.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,450 shares of the construction company’s stock valued at $857,000 after purchasing an additional 40 shares during the last quarter. Finally, 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 valued at $69,000 after purchasing an additional 50 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CVCO shares. Zelman & Associates raised shares of Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cavco Industries in a report on Tuesday, May 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 MarketBeat, Cavco Industries presently has an average rating of “Moderate Buy” and an average price target of $550.00.

Cavco Industries Stock Up 1.1%

CVCO opened at $550.29 on Friday. Cavco Industries, Inc. has a twelve month low of $393.53 and a twelve month high of $713.01. The company has a 50-day moving average price of $504.39 and a 200 day moving average price of $554.46. The company has a market cap of $4.23 billion, a PE ratio of 22.96 and a beta of 1.30.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share for the quarter, topping the consensus estimate of $5.30 by $0.12. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. The firm had revenue of $550.13 million during the quarter, compared to the consensus estimate of $571.06 million. As a group, sell-side analysts expect that Cavco Industries, Inc. will post 25 earnings per share for the current year.

Insider Transactions at Cavco Industries

In other Cavco Industries news, CAO Paul Bigbee sold 200 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $537.75, for a total value of $107,550.00. Following the completion of the sale, the chief accounting officer owned 1,105 shares in the company, valued at approximately $594,213.75. This represents a 15.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allison Aden sold 129 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $455.76, for a total transaction of $58,793.04. Following the completion of the sale, the executive vice president owned 8,806 shares of the company’s stock, valued at approximately $4,013,422.56. The trade was a 1.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 360 shares of company stock valued at $182,127. 1.60% of the stock is owned by insiders.

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.