Northwestern Mutual Wealth Management Co. Purchases 1,797,917 Shares of Cavco Industries, Inc. $CVCO

Northwestern Mutual Wealth Management Co. boosted its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 852,093.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,798,128 shares of the construction company’s stock after buying an additional 1,797,917 shares during the period. Cavco Industries makes up 0.5% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 28th biggest holding. Northwestern Mutual Wealth Management Co. owned about 0.23% of Cavco Industries worth $1,062,226,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CVCO. Danske Bank A S acquired a new stake in Cavco Industries during the 3rd quarter worth about $58,000. CIBC Private Wealth Group LLC lifted its stake in shares of Cavco Industries by 72.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 119 shares of the construction company’s stock valued at $69,000 after purchasing an additional 50 shares during the period. Osaic Holdings Inc. boosted its position in shares of Cavco Industries by 118.2% during the 2nd quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock valued at $57,000 after purchasing an additional 65 shares in the last quarter. CWM LLC boosted its position in shares of Cavco Industries by 31.3% during the 3rd quarter. CWM LLC now owns 176 shares of the construction company’s stock valued at $102,000 after purchasing an additional 42 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Cavco Industries by 27.4% during the third quarter. Smartleaf Asset Management LLC now owns 186 shares of the construction company’s stock worth $109,000 after purchasing an additional 40 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cavco Industries Price Performance

Shares of Cavco Industries stock opened at $455.76 on Friday. The business has a 50-day simple moving average of $499.94 and a 200 day simple moving average of $557.77. Cavco Industries, Inc. has a one year low of $393.53 and a one year high of $713.01. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 19.80 and a beta of 1.31.

Analysts Set New Price Targets

Several brokerages have issued reports on CVCO. Weiss Ratings lowered Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Zelman & Associates raised shares of Cavco Industries to an “outperform” rating in a research report on Thursday, February 5th. Finally, Zacks Research upgraded shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $550.00.

Cavco Industries Company 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.