Thrivent Financial for Lutherans grew its stake in Cavco Industries, Inc. (NASDAQ:CVCO) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,958 shares of the construction company’s stock after purchasing an additional 131 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Cavco Industries worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CVCO. Advisor Group Inc. lifted its holdings in shares of Cavco Industries by 8.6% during the 4th quarter. Advisor Group Inc. now owns 962 shares of the construction company’s stock worth $126,000 after acquiring an additional 76 shares during the period. Brinker Capital Inc. lifted its holdings in shares of Cavco Industries by 1.8% during the 4th quarter. Brinker Capital Inc. now owns 5,790 shares of the construction company’s stock worth $755,000 after acquiring an additional 105 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Cavco Industries by 2.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,749 shares of the construction company’s stock worth $619,000 after acquiring an additional 119 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Cavco Industries by 4.3% during the 4th quarter. Texas Permanent School Fund now owns 5,596 shares of the construction company’s stock worth $730,000 after acquiring an additional 233 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of Cavco Industries by 10.1% during the 4th quarter. Hsbc Holdings PLC now owns 2,769 shares of the construction company’s stock worth $361,000 after acquiring an additional 254 shares during the period. Institutional investors own 94.10% of the company’s stock.

CVCO has been the subject of a number of analyst reports. Craig Hallum reduced their price objective on shares of Cavco Industries from $170.00 to $128.00 and set an “in-line” rating for the company in a report on Wednesday, February 6th. BidaskClub raised shares of Cavco Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st.

NASDAQ:CVCO opened at $124.19 on Wednesday. The stock has a market cap of $1.17 billion, a PE ratio of 16.87 and a beta of 1.95. Cavco Industries, Inc. has a 52 week low of $112.00 and a 52 week high of $261.80. The company has a quick ratio of 1.80, a current ratio of 2.42 and a debt-to-equity ratio of 0.03.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Monday, February 4th. The construction company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01). The business had revenue of $233.70 million for the quarter, compared to the consensus estimate of $238.05 million. Cavco Industries had a return on equity of 14.62% and a net margin of 7.34%. Cavco Industries’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 earnings per share.

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Cavco Industries Profile

Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, Friendship Homes, Chariot Eagle, and Lexington Home brands.

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Institutional Ownership by Quarter for Cavco Industries (NASDAQ:CVCO)

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