Cavco Industries, Inc. (NASDAQ:CVCO) Holdings Lifted by Robotti Robert

Robotti Robert raised its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,883 shares of the construction company’s stock after acquiring an additional 129 shares during the period. Cavco Industries makes up 2.3% of Robotti Robert’s portfolio, making the stock its 7th biggest position. Robotti Robert owned about 0.51% of Cavco Industries worth $17,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVCO. Capital World Investors raised its stake in shares of Cavco Industries by 2.9% in the 1st quarter. Capital World Investors now owns 605,925 shares of the construction company’s stock valued at $241,800,000 after acquiring an additional 17,125 shares during the period. Boston Trust Walden Corp grew its stake in shares of Cavco Industries by 16.0% in the fourth quarter. Boston Trust Walden Corp now owns 195,904 shares of the construction company’s stock valued at $67,904,000 after buying an additional 27,087 shares in the last quarter. Norges Bank acquired a new position in Cavco Industries during the 4th quarter worth approximately $21,059,000. Principal Financial Group Inc. boosted its holdings in Cavco Industries by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 43,090 shares of the construction company’s stock worth $17,195,000 after acquiring an additional 1,111 shares during the period. Finally, Bessemer Group Inc. grew its position in Cavco Industries by 7.1% in the first quarter. Bessemer Group Inc. now owns 34,252 shares of the construction company’s stock valued at $13,668,000 after acquiring an additional 2,263 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Stock Up 0.0 %

Shares of Cavco Industries stock traded up $0.02 during trading hours on Monday, hitting $417.75. 49,828 shares of the company’s stock traded hands, compared to its average volume of 64,846. Cavco Industries, Inc. has a twelve month low of $233.84 and a twelve month high of $421.60. The company has a market cap of $3.46 billion, a PE ratio of 22.77 and a beta of 1.23. The stock has a 50 day simple moving average of $361.65 and a 200-day simple moving average of $363.41.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Thursday, May 23rd. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $5.13 by ($1.10). Cavco Industries had a net margin of 8.79% and a return on equity of 15.46%. The business had revenue of $420.12 million for the quarter, compared to analyst estimates of $499.50 million. As a group, equities research analysts predict that Cavco Industries, Inc. will post 19.77 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush boosted their target price on shares of Cavco Industries from $380.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th.

Cavco Industries Company Profile

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.