Cwm LLC Buys Shares of 111 Cavco Industries, Inc. (NASDAQ:CVCO)

Cwm LLC purchased a new position in shares of Cavco Industries, Inc. (NASDAQ:CVCOGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 111 shares of the construction company’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also modified their holdings of CVCO. Financial Management Professionals Inc. acquired a new stake in shares of Cavco Industries during the fourth quarter worth about $84,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Cavco Industries during the fourth quarter worth about $227,000. Teacher Retirement System of Texas lifted its position in shares of Cavco Industries by 24.0% during the third quarter. Teacher Retirement System of Texas now owns 1,336 shares of the construction company’s stock worth $316,000 after purchasing an additional 259 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Cavco Industries during the third quarter worth about $340,000. Finally, First Republic Investment Management Inc. lifted its position in shares of Cavco Industries by 4.5% during the third quarter. First Republic Investment Management Inc. now owns 2,052 shares of the construction company’s stock worth $486,000 after purchasing an additional 88 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

CVCO has been the topic of a number of recent research reports. Wedbush upped their target price on shares of Cavco Industries from $255.00 to $315.00 and gave the stock a “neutral” rating in a research note on Monday, February 7th. Zacks Investment Research lowered shares of Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 11th. Craig Hallum cut their target price on shares of Cavco Industries from $426.00 to $340.00 in a research note on Monday, April 18th. Finally, StockNews.com initiated coverage on shares of Cavco Industries in a research note on Thursday, March 31st. They set a “buy” rating on the stock.

Shares of Cavco Industries stock opened at $234.28 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 12.83 and a beta of 1.03. Cavco Industries, Inc. has a 52 week low of $196.46 and a 52 week high of $327.24. The company has a quick ratio of 1.84, a current ratio of 2.58 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $260.98 and its two-hundred day moving average is $274.04.

Cavco Industries (NASDAQ:CVCOGet Rating) last announced its quarterly earnings results on Thursday, February 3rd. The construction company reported $5.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $2.30. The company had revenue of $431.71 million for the quarter, compared to analyst estimates of $401.10 million. Cavco Industries had a net margin of 11.85% and a return on equity of 19.08%. During the same period in the prior year, the firm posted $2.12 earnings per share. As a group, research analysts expect that Cavco Industries, Inc. will post 17.22 earnings per share for the current fiscal year.

Cavco Industries Profile (Get Rating)

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, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle, and Destiny brands.

See Also

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

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