Cavco Industries, Inc. (NASDAQ:CVCO) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its stake in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,183 shares of the construction company’s stock after selling 40 shares during the quarter. Arizona State Retirement System’s holdings in Cavco Industries were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Metropolitan Life Insurance Co NY raised its position in shares of Cavco Industries by 8.1% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 550 shares of the construction company’s stock worth $124,000 after purchasing an additional 41 shares during the period. SkyView Investment Advisors LLC grew its holdings in Cavco Industries by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,554 shares of the construction company’s stock worth $413,000 after buying an additional 47 shares in the last quarter. Truist Financial Corp grew its holdings in Cavco Industries by 0.3% in the 4th quarter. Truist Financial Corp now owns 15,153 shares of the construction company’s stock worth $3,428,000 after buying an additional 48 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Cavco Industries by 5.2% in the 3rd quarter. Lazard Asset Management LLC now owns 1,013 shares of the construction company’s stock worth $269,000 after buying an additional 50 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in Cavco Industries by 2.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,090 shares of the construction company’s stock worth $555,000 after buying an additional 54 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cavco Industries Price Performance

Shares of CVCO stock opened at $348.88 on Friday. Cavco Industries, Inc. has a 12-month low of $233.84 and a 12-month high of $400.99. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 17.70 and a beta of 1.15. The business has a 50 day simple moving average of $374.13 and a 200 day simple moving average of $325.27.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Friday, February 2nd. The construction company reported $4.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). Cavco Industries had a return on equity of 17.00% and a net margin of 9.25%. The business had revenue of $446.77 million during the quarter, compared to the consensus estimate of $428.40 million. During the same period last year, the company earned $6.66 earnings per share. On average, equities analysts anticipate that Cavco Industries, Inc. will post 19.46 EPS for the current fiscal year.

Insider Buying and Selling at Cavco Industries

In other Cavco Industries news, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $360.00, for a total transaction of $848,520.00. Following the completion of the transaction, the insider now directly owns 1,248 shares of the company’s stock, valued at approximately $449,280. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Cavco Industries news, CAO Paul Bigbee sold 262 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $367.13, for a total transaction of $96,188.06. Following the completion of the transaction, the chief accounting officer now directly owns 766 shares of the company’s stock, valued at approximately $281,221.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew A. Nino sold 2,357 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $360.00, for a total value of $848,520.00. Following the transaction, the insider now directly owns 1,248 shares of the company’s stock, valued at $449,280. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

Cavco Industries Company 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.