Cavco Industries, Inc. $CVCO Shares Acquired by Pier Capital LLC

Pier Capital LLC increased its holdings in Cavco Industries, Inc. (NASDAQ:CVCO) by 90.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,103 shares of the construction company’s stock after acquiring an additional 5,761 shares during the quarter. Pier Capital LLC’s holdings in Cavco Industries were worth $7,150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in Cavco Industries during the third quarter valued at approximately $58,000. CIBC Private Wealth Group LLC raised its stake in Cavco Industries by 72.5% during the third quarter. CIBC Private Wealth Group LLC now owns 119 shares of the construction company’s stock valued at $69,000 after buying an additional 50 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Cavco Industries by 118.2% during the second quarter. Osaic Holdings Inc. now owns 120 shares of the construction company’s stock worth $57,000 after purchasing an additional 65 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Cavco Industries by 72.7% in the third quarter. Farther Finance Advisors LLC now owns 152 shares of the construction company’s stock worth $88,000 after purchasing an additional 64 shares during the period. Finally, CWM LLC boosted its holdings in Cavco Industries by 31.3% in the third quarter. CWM LLC now owns 176 shares of the construction company’s stock worth $102,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cavco Industries Trading Down 3.6%

Shares of Cavco Industries stock opened at $482.34 on Friday. The business’s 50 day simple moving average is $512.02 and its 200-day simple moving average is $562.19. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 20.95 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.

Analyst Ratings Changes

A number of research firms have commented on CVCO. Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Zelman & Associates raised shares of Cavco Industries to an “outperform” rating in a report on Thursday, February 5th. Finally, Weiss Ratings downgraded shares of Cavco Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Cavco Industries currently has a consensus rating of “Moderate Buy” and an average price target of $550.00.

Cavco Industries Company Profile

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.