Trivant Custom Portfolio Group LLC Decreases Stake in Cavco Industries, Inc. (NASDAQ:CVCO)

Trivant Custom Portfolio Group LLC cut its holdings in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 33.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60 shares of the construction company’s stock after selling 30 shares during the quarter. Trivant Custom Portfolio Group LLC’s holdings in Cavco Industries were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Cavco Industries by 71,961.9% in the first quarter. GAMMA Investing LLC now owns 229,157 shares of the construction company’s stock valued at $119,077,000 after purchasing an additional 228,839 shares during the period. FMR LLC grew its stake in Cavco Industries by 118.8% in the 4th quarter. FMR LLC now owns 296,343 shares of the construction company’s stock valued at $132,237,000 after buying an additional 160,899 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Cavco Industries by 1,030.9% during the 4th quarter. Janus Henderson Group PLC now owns 72,534 shares of the construction company’s stock valued at $32,371,000 after acquiring an additional 66,120 shares during the period. Loomis Sayles & Co. L P bought a new stake in Cavco Industries during the 4th quarter valued at $20,382,000. Finally, Norges Bank purchased a new stake in shares of Cavco Industries during the fourth quarter worth $17,730,000. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Trading Down 0.1%

Cavco Industries stock opened at $400.49 on Thursday. Cavco Industries, Inc. has a 1-year low of $331.08 and a 1-year high of $549.99. The firm has a market capitalization of $3.24 billion, a PE ratio of 19.29 and a beta of 1.16. The firm’s 50 day simple moving average is $472.44 and its 200 day simple moving average is $486.40.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, May 22nd. The construction company reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.17. Cavco Industries had a net margin of 8.49% and a return on equity of 17.00%. The firm had revenue of $508.36 million during the quarter, compared to analyst estimates of $504.15 million. Research analysts forecast that Cavco Industries, Inc. will post 21.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CVCO shares. Wedbush reiterated a “neutral” rating and issued a $550.00 price target on shares of Cavco Industries in a research report on Tuesday, May 27th. Wall Street Zen lowered Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, May 30th.

About Cavco Industries

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.