Cavco Industries, Inc. (NASDAQ:CVCO) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,033 shares of the construction company’s stock after acquiring an additional 2,608 shares during the period. Invesco Ltd. owned approximately 0.33% of Cavco Industries worth $4,732,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new position in Cavco Industries during the second quarter worth about $29,000. Acadian Asset Management LLC acquired a new position in Cavco Industries during the second quarter worth about $64,000. Flinton Capital Management LLC grew its holdings in Cavco Industries by 42.4% during the second quarter. Flinton Capital Management LLC now owns 752 shares of the construction company’s stock worth $118,000 after acquiring an additional 224 shares during the period. Riverhead Capital Management LLC grew its holdings in Cavco Industries by 33.3% during the second quarter. Riverhead Capital Management LLC now owns 800 shares of the construction company’s stock worth $126,000 after acquiring an additional 200 shares during the period. Finally, Meadow Creek Investment Management LLC grew its holdings in Cavco Industries by 42.4% during the second quarter. Meadow Creek Investment Management LLC now owns 1,034 shares of the construction company’s stock worth $163,000 after acquiring an additional 308 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CVCO opened at $191.10 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.73 and a debt-to-equity ratio of 0.04. Cavco Industries, Inc. has a 1-year low of $112.00 and a 1-year high of $243.02. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 24.89 and a beta of 1.59. The stock has a fifty day simple moving average of $188.69 and a 200 day simple moving average of $157.24.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Monday, July 29th. The construction company reported $2.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.44. Cavco Industries had a return on equity of 13.48% and a net margin of 7.16%. The business had revenue of $264.04 million during the quarter, compared to analyst estimates of $256.38 million. During the same quarter last year, the company posted $2.12 EPS. Cavco Industries’s revenue for the quarter was up 7.2% on a year-over-year basis.

A number of research analysts recently issued reports on CVCO shares. Craig Hallum lifted their target price on Cavco Industries from $153.00 to $173.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. BidaskClub lowered Cavco Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

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Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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