Anchor Capital Advisors LLC lifted its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,545 shares of the construction company’s stock after acquiring an additional 351 shares during the quarter. Anchor Capital Advisors LLC owned about 0.22% of Cavco Industries worth $2,884,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Cavco Industries by 69.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,364 shares of the construction company’s stock worth $644,000 after acquiring an additional 1,790 shares in the last quarter. Tygh Capital Management Inc. boosted its stake in shares of Cavco Industries by 29.0% during the 3rd quarter. Tygh Capital Management Inc. now owns 47,143 shares of the construction company’s stock worth $6,956,000 after acquiring an additional 10,597 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Cavco Industries during the 3rd quarter worth about $273,000. Handelsinvest Investeringsforvaltning boosted its stake in Cavco Industries by 11.5% during the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 29,000 shares of the construction company’s stock valued at $4,279,000 after purchasing an additional 3,000 shares during the period. Finally, Perpetual Ltd bought a new stake in Cavco Industries during the 2nd quarter valued at approximately $1,887,000. Institutional investors own 91.73% of the company’s stock.
Cavco Industries, Inc. (NASDAQ CVCO) traded down $0.80 during trading on Tuesday, reaching $144.55. The company’s stock had a trading volume of 31,000 shares, compared to its average volume of 39,091. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 2.25. The firm has a market cap of $1,312.16, a PE ratio of 32.37 and a beta of 1.62. Cavco Industries, Inc. has a 12-month low of $88.65 and a 12-month high of $157.80.
Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.13). Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The firm had revenue of $200.50 million during the quarter, compared to analyst estimates of $190.87 million. During the same period last year, the company earned $1.04 EPS. The company’s revenue was up 6.5% on a year-over-year basis.
CVCO has been the subject of several recent analyst reports. BidaskClub downgraded Cavco Industries from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Sidoti raised Cavco Industries from a “neutral” rating to a “buy” rating in a report on Friday, August 25th.
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In other news, Director David A. Greenblatt sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $136.68, for a total value of $410,040.00. Following the completion of the transaction, the director now directly owns 10,175 shares of the company’s stock, valued at approximately $1,390,719. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.44% of the company’s stock.
About Cavco Industries
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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