Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 579 Shares of Cavco Industries, Inc. (NASDAQ:CVCO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 6.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,140 shares of the construction company’s stock after acquiring an additional 579 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cavco Industries were worth $2,696,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in shares of Cavco Industries during the third quarter worth about $26,000. Advisory Services Network LLC purchased a new position in Cavco Industries during the 1st quarter valued at approximately $32,000. Sandy Spring Bank purchased a new position in Cavco Industries during the 1st quarter valued at approximately $48,000. NewEdge Advisors LLC purchased a new position in Cavco Industries during the 1st quarter valued at approximately $52,000. Finally, Meeder Asset Management Inc. grew its holdings in Cavco Industries by 120.5% during the 4th quarter. Meeder Asset Management Inc. now owns 258 shares of the construction company’s stock valued at $58,000 after buying an additional 141 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Insider Activity

In other news, SVP Steven K. Like sold 3,530 shares of Cavco Industries stock in a transaction on Friday, November 17th. The stock was sold at an average price of $281.37, for a total value of $993,236.10. Following the transaction, the senior vice president now directly owns 1,403 shares in the company, valued at approximately $394,762.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $390.00 price target on shares of Cavco Industries in a research note on Friday, November 3rd. StockNews.com assumed coverage on Cavco Industries in a research report on Thursday, October 5th. They set a “hold” rating for the company.

Cavco Industries Trading Up 1.4 %

Shares of NASDAQ:CVCO opened at $286.85 on Tuesday. Cavco Industries, Inc. has a 12-month low of $203.30 and a 12-month high of $318.00. The business’s fifty day simple moving average is $264.63 and its 200-day simple moving average is $276.52. The company has a market capitalization of $2.39 billion, a PE ratio of 12.98 and a beta of 1.18.

Cavco Industries Profile

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.