Gamco Investors INC. ET AL Trims Holdings in Cavco Industries, Inc. $CVCO

Gamco Investors INC. ET AL trimmed its position in Cavco Industries, Inc. (NASDAQ:CVCO) by 5.8% in the 4th quarter, HoldingsChannel reports. The firm owned 91,876 shares of the construction company’s stock after selling 5,652 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Cavco Industries were worth $54,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Convergence Investment Partners LLC purchased a new position in shares of Cavco Industries in the fourth quarter worth about $555,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cavco Industries by 852,093.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,128 shares of the construction company’s stock worth $1,062,226,000 after purchasing an additional 1,797,917 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Cavco Industries by 4.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,812 shares of the construction company’s stock worth $1,070,000 after purchasing an additional 75 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cavco Industries in the fourth quarter worth about $496,000. Finally, Versor Investments LP purchased a new position in shares of Cavco Industries in the fourth quarter worth about $268,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cavco Industries Stock Performance

Shares of CVCO stock opened at $455.76 on Monday. The stock has a 50 day moving average of $499.94 and a 200 day moving average of $557.55. The stock has a market cap of $3.54 billion, a P/E ratio of 19.80 and a beta of 1.31. Cavco Industries, Inc. has a twelve month low of $393.53 and a twelve month high of $713.01.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CVCO shares. Weiss Ratings cut Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Zelman & Associates upgraded Cavco Industries to an “outperform” rating in a research note on Thursday, February 5th. Finally, Zacks Research upgraded Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $550.00.

About Cavco Industries

Cavco Industries, Inc is a leading designer, manufacturer and retailer of factory-built homes and modular structures. The company produces a range of HUD-code manufactured homes, modular buildings, park model RVs and cabins through its network of production facilities. Its offerings cater to both residential and commercial markets, including customizable single- and multi-section homes, workforce and affordable housing solutions, educational and healthcare modules, as well as specialty lodging products for the recreational vehicle and hospitality industries.

Since its founding in 1967, Cavco has grown through strategic investments and acquisitions, expanding its footprint across the United States and into parts of Canada and Mexico.