Cavco Industries, Inc. $CVCO Shares Acquired by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI grew its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,713 shares of the construction company’s stock after purchasing an additional 24,488 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Cavco Industries were worth $115,615,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UBS Group AG grew its position in shares of Cavco Industries by 31.5% in the fourth quarter. UBS Group AG now owns 40,017 shares of the construction company’s stock valued at $23,640,000 after purchasing an additional 9,589 shares during the period. JPMorgan Chase & Co. grew its position in shares of Cavco Industries by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 32,057 shares of the construction company’s stock valued at $18,616,000 after purchasing an additional 13,694 shares during the period. M&T Bank Corp acquired a new stake in shares of Cavco Industries in the fourth quarter valued at about $9,501,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Cavco Industries in the third quarter valued at about $665,000. Finally, Pier Capital LLC grew its position in shares of Cavco Industries by 90.8% in the fourth quarter. Pier Capital LLC now owns 12,103 shares of the construction company’s stock valued at $7,150,000 after purchasing an additional 5,761 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Trading Down 0.1%

CVCO opened at $549.91 on Friday. The firm has a market capitalization of $4.22 billion, a PE ratio of 22.94 and a beta of 1.30. Cavco Industries, Inc. has a twelve month low of $393.53 and a twelve month high of $713.01. The firm’s 50-day moving average price is $505.68 and its 200 day moving average price is $554.43.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Thursday, May 21st. The construction company reported $5.42 earnings per share for the quarter, topping analysts’ consensus estimates of $5.30 by $0.12. The firm had revenue of $550.13 million for the quarter, compared to analyst estimates of $571.06 million. Cavco Industries had a net margin of 8.49% and a return on equity of 17.55%. As a group, analysts predict that Cavco Industries, Inc. will post 25 earnings per share for the current fiscal year.

Insider Transactions at Cavco Industries

In other Cavco Industries news, CAO Paul Bigbee sold 200 shares of Cavco Industries stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $537.75, for a total transaction of $107,550.00. Following the transaction, the chief accounting officer directly owned 1,105 shares of the company’s stock, valued at $594,213.75. The trade was a 15.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allison Aden sold 129 shares of Cavco Industries stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $455.76, for a total transaction of $58,793.04. Following the transaction, the executive vice president directly owned 8,806 shares in the company, valued at $4,013,422.56. This trade represents a 1.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 360 shares of company stock worth $182,127 over the last ninety days. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

CVCO has been the topic of several research analyst reports. Zacks Research upgraded shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. UBS Group began coverage on shares of Cavco Industries in a research report on Friday. They issued a “buy” rating and a $700.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cavco Industries in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $625.00.

Cavco Industries Profile

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.