GW&K Investment Management LLC Has $36.04 Million Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

GW&K Investment Management LLC boosted its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,597 shares of the construction company’s stock after acquiring an additional 22,584 shares during the period. GW&K Investment Management LLC’s holdings in Cavco Industries were worth $36,036,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CVCO. Xact Kapitalforvaltning AB acquired a new position in Cavco Industries during the 2nd quarter worth $203,000. Handelsbanken Fonder AB lifted its position in Cavco Industries by 22.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 110,000 shares of the construction company’s stock worth $17,329,000 after acquiring an additional 20,000 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in Cavco Industries during the 2nd quarter worth $242,000. National Investment Services Inc. WI acquired a new position in Cavco Industries during the 2nd quarter worth $588,000. Finally, AdvisorNet Financial Inc acquired a new position in Cavco Industries during the 2nd quarter worth $29,000. 92.81% of the stock is owned by hedge funds and other institutional investors.

Shares of CVCO traded down $0.55 during trading hours on Friday, reaching $191.12. 33,800 shares of the company traded hands, compared to its average volume of 94,552. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.19 and a current ratio of 2.87. The stock has a market cap of $1.77 billion, a P/E ratio of 24.02 and a beta of 1.57. Cavco Industries, Inc. has a 1-year low of $112.00 and a 1-year high of $210.00. The stock’s fifty day moving average is $194.16 and its 200 day moving average is $167.49.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.09. The firm had revenue of $268.70 million for the quarter, compared to analysts’ expectations of $267.37 million. Cavco Industries had a net margin of 7.50% and a return on equity of 13.79%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share.

CVCO has been the subject of a number of research analyst reports. Craig Hallum boosted their target price on shares of Cavco Industries from $153.00 to $173.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. BidaskClub lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

About Cavco Industries

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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