Advisory Research Inc. continued to hold its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,797 shares of the construction company’s stock at the close of the 2nd quarter. Advisory Research Inc. owned approximately 0.20% of Cavco Industries worth $2,072,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Texas Permanent School Fund increased its stake in Cavco Industries by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 6,172 shares of the construction company’s stock valued at $800,000 after buying an additional 51 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Cavco Industries by 1.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,572 shares of the construction company’s stock valued at $593,000 after acquiring an additional 59 shares during the period. Legal & General Group Plc grew its position in shares of Cavco Industries by 0.9% during the 1st quarter. Legal & General Group Plc now owns 14,009 shares of the construction company’s stock valued at $1,631,000 after acquiring an additional 125 shares during the period. Mason Street Advisors LLC grew its position in shares of Cavco Industries by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 1,977 shares of the construction company’s stock valued at $230,000 after acquiring an additional 130 shares during the period. Finally, Thrivent Financial For Lutherans grew its position in shares of Cavco Industries by 4.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,750 shares of the construction company’s stock valued at $553,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.
Several research firms recently commented on CVCO. BidaskClub raised shares of Cavco Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a report on Friday, August 25th.
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In related news, Director David A. Greenblatt sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $136.68, for a total value of $410,040.00. Following the transaction, the director now owns 10,175 shares of the company’s stock, valued at approximately $1,390,719. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.44% of the company’s stock.
Shares of Cavco Industries, Inc. (NASDAQ:CVCO) traded down 0.88% during trading on Thursday, reaching $152.10. 510 shares of the company were exchanged. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 31.37 and a beta of 1.57. Cavco Industries, Inc. has a 1-year low of $88.65 and a 1-year high of $154.50. The stock’s 50 day moving average is $140.02 and its 200 day moving average is $127.43.
Cavco Industries (NASDAQ:CVCO) last announced its earnings results on Monday, August 7th. The construction company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.20. Cavco Industries had a net margin of 5.56% and a return on equity of 11.40%. The business had revenue of $206.80 million for the quarter, compared to the consensus estimate of $200.70 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts anticipate that Cavco Industries, Inc. will post $4.48 earnings per share for the current year.
Cavco Industries Profile
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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