Illinois Municipal Retirement Fund Has $1.52 Million Position in Cavco Industries, Inc. (NASDAQ:CVCO)

Illinois Municipal Retirement Fund lessened its position in shares of Cavco Industries, Inc. (NASDAQ:CVCO) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,388 shares of the construction company’s stock after selling 374 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Cavco Industries worth $1,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CVCO. Pacer Advisors Inc. raised its position in Cavco Industries by 38.0% during the fourth quarter. Pacer Advisors Inc. now owns 169,643 shares of the construction company’s stock valued at $58,802,000 after purchasing an additional 46,726 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Cavco Industries by 18.0% in the 3rd quarter. American Century Companies Inc. now owns 208,156 shares of the construction company’s stock valued at $55,299,000 after purchasing an additional 31,707 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Cavco Industries by 16.0% during the 4th quarter. Boston Trust Walden Corp now owns 195,904 shares of the construction company’s stock worth $67,904,000 after buying an additional 27,087 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of Cavco Industries during the 3rd quarter worth $6,281,000. Finally, Cerity Partners LLC acquired a new stake in Cavco Industries in the fourth quarter valued at about $6,085,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Buying and Selling at Cavco Industries

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

Cavco Industries Stock Up 1.7 %

Cavco Industries stock opened at $372.61 on Friday. The stock has a market cap of $3.11 billion, a PE ratio of 18.90 and a beta of 1.15. Cavco Industries, Inc. has a 12-month low of $233.84 and a 12-month high of $400.99. The business’s 50-day moving average price is $374.15 and its two-hundred day moving average price is $329.77.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Friday, February 2nd. The construction company reported $4.27 earnings per share for the quarter, missing analysts’ consensus estimates of $4.36 by ($0.09). The company had revenue of $446.77 million during the quarter, compared to analyst estimates of $428.40 million. Cavco Industries had a net margin of 9.25% and a return on equity of 17.00%. During the same quarter in the previous year, the business posted $6.66 earnings per share. As a group, analysts expect that Cavco Industries, Inc. will post 19.46 earnings per share for the current year.

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.